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Copper prices fall on global demand concerns

Published : Saturday, 14 November, 2026 at 4:46 PM

Observer Online Report

Collected Photo

Copper prices fell to a three-month low in the international market amid concerns over weakening industrial demand and the possibility of an interest rate hike by the US Federal Reserve (Fed).

On the London Metal Exchange (LME), copper prices dropped 1.2 per cent to $13,645 per tonne on Friday, after touching $13,629 during the session, the lowest since July 29, according to The Hindu.

Market participants fear that higher US interest rates could strengthen the dollar, making dollar-denominated metals more expensive for buyers using other currencies and further weakening demand.

Fed officials have expressed concerns over persistent inflation in the United States and have not ruled out a 50-basis-point rate hike at their December 8-9 meeting.

-AH

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Editor : Iqbal Sobhan Chowdhury

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