Copper prices fell on Wednesday as bets on a sharp increase in U.S. interest rates following hawkish comments from Federal Reserve officials and a recent spate of weak economic data from China put the spotlight back on global growth concerns.
Data came after data showed that economic activity in China cooled in April as the lockdown hit consumption, industrial production and employment hard. However, with the control of the epidemic and the resumption of work and production in Shanghai, it is expected that the price of copper will fluctuate and rise as China's economic activities resume.
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