Copper set for worst weekly loss in 28 months
Updated: 15 Jul 2022, 01:21 PM IST
TL;DR.Three-month copper on the London Metal Exchange was down 2.8% at $6,968 a tonne at 0710 GMT, the first time the contract fell below $7,000 a tonne since November 2020. On a weekly basis, it dropped 10.6%.
Workers of Codelco's Ventanas copper smelter take part in a nationwide strike in protest against the government's and the company's decision to close the smelter in Ventanas, Chile, June 22, 2022. REUTERS/Rodrigo Garrido TPX IMAGES OF THE DAY