Copper is tumbling following a report that Trump will wait on infrastructure spending
Advertisement
Front-month copper futures are down 2.3% at 2.670 per pound following an Axios report that Trump may not take action on his proposed $550 billion infrastructure promise until 2018.
Advertisement
Thursday's slide has pushed copper prices down to their lowest level in two weeks, but prices remain well above their late October levels.
Copper has soared more than 27% since October 24 as traders began to price in the possibility that Trump's proposed plan for infrastructure would lift demand for the metal.
Advertisement
- RBI Governor Das discusses ways to scale up UPI ecosystem with stakeholders
- People find ChatGPT to have a better moral compass than real humans, study reveals
- TVS Motor Company net profit rises 15% to ₹387 crore in March quarter
- Canara Bank Q4 profit rises 18% to ₹3,757 crore
- Indegene IPO allotment – How to check allotment, GMP, listing date and more
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market