Copper prices slipped on Monday and early Tuesday, under pressure from data showing growth in China’s services sector slowed to its lowest level in nearly nine years, raising concerns about the demand outlook from the world’s top metals consumer.
The 3-month price of copper saw a 0.8 percent drop on the LME on Monday, August 4, landing at $7,059 per metric ton and making it the biggest mover of the day. Also on the LME, the primary copper cash price declined 0.8 percent to $7,078 per metric ton.