Chinese Inflation Data Pushes Copper Down to $6,645 per Tonne

Copper took a dip on Wednesday following a two-week peak thanks to a positive outlook regarding China.

Reuters reported that copper on the London Metal Exchange fell 2.3 percent to $6,645 a tonne. The decline was attributed to a stronger U.S. dollar, Chinese inflation figures and a dreary outlook in the euro zone.

The Comex also experienced turbulence due to economic worries over China, as copper for December delivery was trading at $3.074 a pound, marking a decline of 0.52 percent or 1.6 cents.