Copper Prices Tumble as Stronger Dollar Weighs on Demand

Copper prices fell on Wednesday due to a stronger US dollar, which made commodities more expensive for buyers using other currencies.

The benchmark three-month copper price on the London Metal Exchange dropped 0.66% to $14,651 per metric ton by 0300 GMT.

The US dollar rose in choppy trading overnight, causing a decline in demand for dollar-denominated commodities like copper.

Copper had been supported in recent months by strong imports to the US ahead of a potential tariff on refined metal, but the pull weakened after Reuters reported that US officials were concerned about tariffs raising costs for manufacturers.