Copper extended a sharp retreat after the economic bellwether suffered one of its worst days since the depths of the Covid-19 pandemic in 2020 on growing fears of a global recession.
Investors are fretting over a range of threats to demand, from Europe’s gas crisis to a United States slowdown and renewed virus flare-ups in China. After a 4.2% slump on Tuesday to its lowest close in 19 months, copper fell further Wednesday along with aluminum and zinc.
