Copper slipped as worries about demand resurfaced after weak data from China.
Copper prices closed lower by -0.48%, settling at 718.85, as concerns over demand resurfaced following weak data from China. While China’s industrial profits continued to rise for the third consecutive month in October,
the pace of growth slowed to 2.7% year-on-year. This figure marked a significant deceleration from the 11.9% increase in September and a 17.2% gain in August, suggesting a need for additional policy support from Beijing to bolster growth in the world’s second-largest economy.
