Other industrial metals also fell, with zinc dropping over 6% this week and aluminium heading for its sixth straight weekly fall, down 2.4%. "Copper, the economic bellwether, fell further amid concerns over an economic slowdown. Markets: Stocks fell and the dollar rose as investors shifted from worrying about inflation to fearing a global recession. Output: Copper output in Chile, the world's largest producer of the metal, fell 2.7% year-on-year to 480,275 tonnes in May. Shanghai aluminium fell 1.6%, zinc slipped about 5%, nickel shed 7.3%, lead dipped 1.3% and tin lost 6.5%.


Source:   The Edge Markets
July 01, 2022 14:30 UTC