Copper prices have fallen sharply amid rising fears about the pace of global economic growth. The decline reflects concerns that major economies may be slowing down, dampening demand for industrial metals.

Analysts point to a number of factors contributing to the bearish sentiment. These include:

• Concerns about rising interest rates in the United States and Europe.
• Slower-than-expected growth in China, a major consumer of copper.
• Increased copper supply from new mines coming online.

The price drop has impacted mining companies, with shares of major copper producers also experiencing declines.

Market watchers are closely monitoring economic data releases and policy announcements for further clues about the direction of global growth and its impact on copper demand.

While some analysts believe the current downturn is temporary, others warn that copper prices could remain under pressure if global growth continues to weaken.