![A stronger currency and increased stocks caused copper prices to decline](https://market-tracker.in/wp-content/uploads/2023/09/aHR0cHM6Ly9jZG4uZ2llLm5ldC9maWxldXBsb2Fkcy9pbWFnZS8yMDIzLzAxLzE1L2RyZWFtc3RpbWVfMzgwMzAgLSBjb3BwZXIgdHViZXMuanBn.Uoo-NCDMS6Q-600x400.jpg)
A stronger currency and increased stocks caused copper prices to decline
The price of copper decreased a little by -0.18%, ending the day at 732.1. Although encouraging signs from China, the world’s largest buyer of metals, restricted the losses, this decline was caused by a stronger currency and rising copper inventories. The amount of copper stocks in LME-registered warehouses increased by 1,125 tonnes, reaching a total…