Copper Price Falls to Three-Week Low Amid Inventories Rise and Dollar Strength

Copper prices hit a three-week low of $14,005.50 a ton on the London Metal Exchange due to rising inventories and a stronger dollar. The metal has fallen 6.2% from its record high reached last Thursday amid uncertainty over US tariffs. Inventories rose by 9,600 tons, easing supply concerns and widening the cash LME copper contract's discount to the three-month forward contract. The Federal Reserve's upcoming policy meeting is also weighing on copper prices, as higher interest rates can slow economic activity and reduce demand for industrial metals.