US Dollar Drags Copper Futures Down
US copper futures dropped in connection with the overall fall of the metals complex as the US dollar’s strength continued to push metals down.
A weaker tone on Wall Street and further probes to the downside in crude oil prices were other factors seen dragging on industrial metal copper.
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An earthquake in Chile did not cause any damage but it did leave concerns about a decreased copper supply. Demand worries leave Italy decreasing their output this year.
In industry news, output of copper and aluminium semi-finished products in Italy, Europe’s second-biggest producer after Germany, will fall this year due to weak demand from key consumers.
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