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Copper slumps as rising interest rates heighten demand fears

The Edge Markets LogoThe Edge Markets1w ago

Copper slumps as rising interest rates heighten demand fears - The Edge Markets

Quick Summary:

Physical markets also registered increased demand as producers looked to replenish stocks ahead of China's National Day holiday over Oct 1-7.

"Power grid and new energy sectors have raised their orders for copper products," one China-based copper producer said.

Tight supply and rising demand in China, however, has supported metals prices recently.


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Article Details

Category: InvestingFinance

Topics: Metals Demand Dollar London Increases Other Prices Interest Copper Tonne Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 13:32:58

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Reading Time: 2 minutes read

Article Length: 330 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 494222

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 103 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 11h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #17

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