Copper Prices Fall on Higher US Dollar

The Wall Street Journal reported that copper prices were higher on Wednesday on the back of a stronger US dollar. Worries over weaker demand from China also weighed on the red metal.
As quoted in the press release:

Copper futures shed 2.1% to $2.24 a pound on the New York Mercantile Exchange, according to FactSet data. Earlier in the day, the London Metal Exchange’s three-month copper contract was down 0.43% at $5,041 a metric ton.

Click here for the full press release.