China’s COVID Lockdowns Push Copper Prices Lower ...Middle East

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China’s COVID Lockdowns Push Copper Prices Lower
source : OILPRICE ( Middle East ) () 11
Starting in late April, copper prices began to take out prior lows. It seemed like an attempt to find a bottom and reestablish a potential bullish reversal in the short term. The Copper Monthly Metals Index (MMI) fell by 3.04% month over month. Shanghai Remains Under Lockdown, Beijing on the Brink Despite declining case counts, Shanghai remains under a lockdown that has continued for more than a month. Since April 22, cases within the city have remained within a “continuous downward trend,” according to the city’s vice major Wu…

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