Copper Falls as Rate-Hike Expectations and Stronger Dollar Weigh
Copper prices are lower in early Asian trade as expectations for rate hikes, a relatively strong dollar and elevated U.S. Treasury yields weigh on sentiment, Baocheng Futures analysts say. The report also cites tight concentrate supply and mounting smelting losses in China.
Copper prices are lower in early Asian trade. Rising expectations for interest-rate hikes, a relatively strong dollar and elevated U.S. Treasury yields are weighing on sentiment, say Baocheng Futures analysts in a note. However, tight concentrate supply and mounting smelting losses in China could s…