Workers coil copper wire rod at the Uralelectromed OJSC Copper Refinery, operated by Ural Mining & Metallurgical Co., in Verkhnyaya Pyshma, Russia, in 2017. Workers coil copper wire rod at the Uralelectromed OJSC Copper Refinery, operated by Ural Mining & Metallurgical Co., in Verkhnyaya Pyshma, Russia, in 2017. Photo: Andrey Rudakov/Bloomberg NewsA rebounding dollar and fresh round of tariffs between the U.S. and China sent copper and other metals lower Thursday. Front-month copper for August delivery dropped 0.6% to $2.6525 a pound on the Comex division of the New York Mercantile Exchange. Worries that a trade war would slow the global economy and weaken demand for materials have hurt sentiment, while a rising dollar has made commodities denominated in the U.S. currency more expensive for overseas buyers.

Source: Wall Street Journal August 23, 2018 14:24 UTC