Copper prices drop amid global growth fears, plump stocks

Copper prices are getting hammered amid growing fears that higher energy prices — driven up by the Iran war — could pummel economic growth and weaken near-term metal demand in a market awash with copper stocks. The London Metal Exchange price of copper slid 9.4% to $12,081.74/metric ton as of March 23 since the US-Israel war with Iran started on Feb. 28. High energy prices spurred by the MiddleCopper prices are getting hammered amid growing fears that higher energy prices — driven up by the Iran war — could pummel economic growth and weaken near-term metal demand in a market awash with copper stocks. The London Metal Exchange price of copper slid 9.4% to $12,081.74/metric ton as of March 23 since the US-Israel war with Iran started on Feb. 28. High energy prices spurred by the MiddleRead More