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Copper prices fell Thursday to their lowest level in a year, as fund sales increased due to concern over demand in the US-China trade, the world's largest consumer of red metal. Decreased by 1.4 per cent to $ 6,065 per tonne, after dropping to $ 5,988, the lowest level since July 2017, bringing its losses to about 20 per cent since June 7.
The United States and China impose fees Customs duties on imports worth $ 34 billion from the country
Traders have said that the fall in copper prices below $ 6090 a tonne shows that funds have reduced their bet on rising prices, and this pressure has risen while others are betting on falling prices.
With regard to the prices of metals and other commodities, they are more expensive for holders of other currencies
Of the other industrial minerals, aluminum decreased by 1.3 per cent at $ 2001 per tonne, zinc declined 2.1 per cent to $ 2117 per ton, and tin increased 0.1 per cent to $ 19,500 per tonne and the nickel decreased by 2.1 percent to $ 13,330 per tonne
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