Copper prices fell on Wednesday amid weak demand outlook, especially in China, with the US-China trade talks failing to allay fears.
Copper three-month futures fell 1.2% at the London Metals Exchange to $9639 a ton, the lowest since June 5.
US and Chinese trade representatives said a trade framework has been reached, with both sides seeking approval from Trump and Xi Jinping to carry on discussions.
This progress comes after an important deal reached in mid May, which stopped the enforcement of most tariffs for 90 days.
Earlier data showed China’s copper imports fell 2.5% to 427,000 tons in May compared to the previous month.
Prices were somewhat boosted by a drop in copper inventories at the London Exchange, becoming down 50% in three months at 119,450 tons.
Recent 50% US tariffs on steel and aluminum sparked concerns that copper imports to the US might face a similar tariff, disrupting global supply lines.
Aluminum rose 0.7% today to $2509 a ton, while zinc added 0.2% to $2662, as nickel shed 0.4% to $15,250 a ton, while tin slipped 0.2% to $32,600, as lead gave up 0.2% to $1985 a ton.
Otherwise, the dollar index fell 0.2% as of 14:44 GMT to 98.8, with a session-high at 99.2, and a low at 98.5.
Copper July futures fell 1.9% in American trade to $4.80 a pound.
