Copper futures fall to around $6.6 as China data dims demand outlook

  • Copper futures fell as weaker Chinese data pressured the demand outlook.
  • China’s industrial profits rose 4.2% year-on-year in August, the slowest growth since November 2025.
  • BHP’s Escondida mine suspended operations indefinitely after an accident killed a worker.

Copper futures fell to around $6.6 per pound on Monday, extending their retreat from record highs as weaker Chinese economic data raised concerns about demand in the world’s largest consumer. China’s industrial profits rose 15.7% in the first eight months from a year earlier, down from 17.6% growth in January-July. August profits increased 4.2% year-on-year, the slowest pace since November 2025, as weak domestic demand offset gains in high-tech and AI-related manufacturing. Copper had reached fresh records last week amid supply disruptions and tariff concerns. Operations at BHP’s Escondida mine in Chile, the world’s largest copper mine, were suspended indefinitely after an accident killed a worker. Markets are also awaiting a decision by the Trump administration on possible U.S. tariffs on refined copper.

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Copper futures fall to around $6.6 as China data dims demand outlook - CoinPost Terminal