Grim demand outlook pushes copper prices to 2-month low
Copper prices dropped to two-month lows on Monday as fears of a global growth slowdown, weaker demand, a higher dollar and climbing stocks in London Metal Exchange (LME) registered warehouses sparked a sell-off.
Benchmark copper CMCU3 on the LME was down 0.8% at $7 375 a tonne at 09:45 GMT.