Copper Prices Rebound from Holiday-Induced Volatility
Copper prices steadied on October 1, as investors focused on supply chain dynamics during China's holiday season.
The red metal slipped 1.2% to $14,243.50 a metric ton on the London Metal Exchange, weighed down by stronger US dollar and rising oil prices.
A gauge of the US dollar rose, while benchmark oil futures climbed into triple digits, contributing to headwinds for industrial metals like copper.