British News Agency

Copper prices, which had reached consecutive record levels due to a combination of supply shocks and a rate cut by the U.S. Federal Reserve (Fed), had risen to $5.3 in the first trades of the new week.

Investors also closely awaited the delayed U.S. employment report, which could affect the Fed’s policy outlook for next year. In addition, slowing economic activity and the lack of strong policy support in China — the world’s largest consumer — weighed on markets.

However, copper continued to find support amid ongoing supply disruptions at major mines worldwide and expectations that the Trump administration could impose tariffs on refined metal, prompting investors to divert copper flows toward the U.S. and tighten conditions elsewhere.