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Copper demand may be hurt by China's policy, strong dollar

28 Oct 2021 15:13 reported by Ivy Wei

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Copper prices went down because of a stronger dollar. In addition, copper demand might drop due to a power crisis and weaker economic growth in China.

The three-month copper on the London Metal Exchange CMCU3 went down by 0.9% on Monday. China's power restrictions hurt copper consumption. The US currency became more expensive, which pushed buyers to use other currencies.

On-warrant copper stockpiles in LME warehouses MCUSTX-TOTAL went up to 27,100 tons. The current copper market remains uncertain.

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