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Copper slipped in a mixed session for metals on Tuesday, with prices edging back towards a four-month low hit a day earlier as commodities got caught up in a tumultuous
Zinc also extended losses while aluminum ticked up, after a frenzied opening day of the week that wiped out billions across global markets. Investors are now tracking whether Monday’s drama — ending with copper at its lowest since March — points to deeper troubles ahead. The main headwind for metals over recent months has been China, where subdued manufacturing and a grim housing market have hammered confidence. There now appear to be growing concerns about a hard landing for the US economy.
Broader financial markets were calmer in early trading on Tuesday, with Japan’s two main share gauges up sharply and US stock futures bouncing back after three days of losses. Copper was 0.7% lower at $8,826.50 a ton as of 11:45 a.m. local time on the London Metal Exchange, having given up earlier gains. Zinc dropped 1.8% and nickel and tin were steady. Gold price falls over 1% as wider market crash spills overCommodities giant was fined by Swiss authorities for not preventing a business partner from bribing a Congolese official in 2011.
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