{"id":1657527,"date":"2022-09-26T01:05:41","date_gmt":"2022-09-26T05:05:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1657527"},"modified":"2022-09-26T01:06:17","modified_gmt":"2022-09-26T05:06:17","slug":"london-copper-price-hits-two-month-low-on-strong-dollar","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/london-copper-price-hits-two-month-low-on-strong-dollar\/","title":{"rendered":"London copper price hits two-month low on strong dollar"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flondon-copper-price-hits-two-month-low-on-strong-dollar%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1657527&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     London copper prices hit a more than two-month low on Monday, as a stronger dollar made greenback-priced metals more expensive to holders of other currencies.    <\/p>\n<p>Three-month copper on the London Metal Exchange fell as much as 1.1% to $7,352 a tonne, its lowest since July 22 and down 32% since it hit a record high in March of $10,845 a tonne.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The U.S. dollar hit a new two-decade peak, supported by a steep fall in the British pound and a hawkish outlook by the Federal Reserve.<\/p>\n<p>With higher interest rates in sight, the global economic growth also looked shaky, threatening demand for industrial metals and pressuring prices.<\/p>\n<p>LME aluminium hit an 18-month low of $2,151 a tonne, zinc eased 0.4% to $2,995.50 a tonne by 0326 GMT while tin rose 1.5% to $20,540 a tonne.<\/p>\n<p>The most-traded October copper contract on the Shanghai Futures Exchange declined 2.7% to 60,840 yuan ($8,500.17) a tonne.<\/p>\n<p>ShFE nickel dropped 3.1% to 188,620 yuan a tonne, tin fell 3.1% to 178,510 yuan a tonne, aluminium declined 1.9% to 18,380 yuan a tonne and zinc was down 2.2% to 24,430 yuan a tonne.<\/p>\n<p>For the top stories in metals and other news, click       <\/p>\n[TOP\/MTL] or [MET\/L] \tDATA\/EVENTS (GMT)<\/p>\n<p>0800   Germany   Ifo Business Climate New   Sep<\/p>\n<p>0800   Germany   Ifo Curr Conditions New    Sep<\/p>\n<p>0800   Germany   Ifo Expectations New       Sep<\/p>\n<p>0535   Bank of Japan Governor Haruhiko Kuroda to deliver<\/p>\n<p>speech, meet business leaders in Osaka<\/p>\n<p>1300   Introductory statement by ECB President Christine<\/p>\n<p>Lagarde at the hearing before the Committee on<\/p>\n<p>Economic and Monetary Affairs of the European<\/p>\n<p>Parliament in Brussels<\/p>\n<p>($1 = 7.1575 yuan)<\/p>\n<p> (Reporting by Mai Nguyen in Hanoi; Editing by Rashmi Aich)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/london-copper-price-hits\/attachment\/file-photo-a-worker-checks-copper-wires-at-truong-phu\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8P03F-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8P03F-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 London copper prices hit a more than two-month low on Monday, as a stronger dollar made greenback-priced metals more expensive to holders of other currencies. Three-month copper<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1657527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1657527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1657527"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1657527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1657527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1657527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1657527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}