Copper Price Hits 8-month Low on Slowdown Fears

Copper prices tumbled on Thursday to their lowest in 8 months as traders worried that a slowing global economy would require less metal.

With inflation surging and interest rates rising, growth fears also pushed down oil prices and stock markets hit a one-and-a-half-year low.

The dollar, meanwhile, reached a new 20-year high against a basket of major rivals, making dollar-priced metals costlier for buyers with other currencies.

View entirety: MINING.COM