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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

Copper price at lowest level since 2020 as fears over global economy grow

A worker at a copper refinery in Chile.
A worker at a copper refinery in Chile. Photograph: Rodrigo Garrido/Reuters

Copper has suffered its worst weekly plunge in price since the early months of the coronavirus pandemic, in a stark indicator of the worsening state of the global economy.

The metal dropped below $7,000 (£5,913) a tonne for the first time since November 2020, as fears over a worldwide recession grew.

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