Copper prices edged lower after weaker-than-expected economic data from China, the world’s largest metals consumer, raised concerns over demand. Benchmark LME copper fell 0.7% to $13,543 a tonne after hitting a three-week high in the previous session.
China’s GDP growth slowed to a 3.5-year low amid weak domestic demand, weighing on metals sentiment. However, supply disruptions at major mines and concerns over Middle East tensions helped limit the decline.
Other base metals also traded lower, with aluminium, zinc, lead and tin falling, while nickel gained slightly. Analysts said copper’s long-term outlook remains supported by supply risks and rising demand from electrification.
