Copper prices fell on Friday as concerns mounted about weakening demand, particularly from China, a major consumer of the metal. Economic uncertainty and reduced industrial activity are contributing to the downward pressure on prices.

Demand Concerns Weigh on Market

Analysts cite a slowdown in Chinese manufacturing and construction sectors as key drivers behind the demand concerns. Reduced infrastructure spending and a cooling property market in China are impacting copper consumption.

Global Economic Outlook

The broader global economic outlook is also weighing on copper prices. Concerns about a potential recession in Europe and slower growth in the United States are contributing to the negative sentiment.

Supply Factors

While demand concerns are the primary driver, supply-side factors are also playing a role. Increased copper production from some major mining regions is adding to the overall market supply.

Market Reaction

The price decline reflects broader anxieties about global growth prospects and the potential impact on industrial metal demand. Investors are closely monitoring economic data and policy decisions for signals about future demand trends.