Copper Slips On a Firm Dollar

Copper prices on the London Stock Exchange fell May 29. Three-month copper hit $7,246.50 a tonne, a fall of $72.47, according to the Business Recorder. The source said a slightly firmer dollar has dragged down prices of the metal.

On the Comex in New York, copper futures for July delivery were also down $0.0225 to $3.2925 a pound, according to The Wall Street Journal.

The decline in prices comes as the one of the world’s largest copper mines resumed production. The mine had been shut down for two weeks due to a fatal worker accident. Concerns that China could lower its copper demand also impacted copper prices.