LME copper prices fall amid concern of weaker demand in property sector
Time:Tue, 16 Aug 2022 08:56:48 +0800
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China, the world's largest consumer of metals, has been wary of taking on more debt due to job worries and a growing housing crisis amid the COVID-19 outbreak.
Data showed new bank loans fell more than expected, heightening fears of weaker demand in the property sector, leading to a drop in copper prices.
The three-month LME copper fell by 0.89% to US$8,019.5/ton on Monday (August 15).
