{"id":67700,"date":"2023-10-02T03:01:32","date_gmt":"2023-10-02T07:01:32","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/copper-prices-face-decline-amid-strong-dollar-and-growing-inventories\/"},"modified":"2023-10-02T03:01:34","modified_gmt":"2023-10-02T07:01:34","slug":"copper-prices-face-decline-amid-strong-dollar-and-growing-inventories","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67700","title":{"rendered":"Copper prices face decline amid strong dollar and growing inventories"},"content":{"rendered":"
\n

In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high U.S. interest rates have played a key role in strengthening the dollar, making dollar-priced metals more expensive for holders of non-dollar currencies.<\/p>\n

This trend has been further accentuated by an increase in copper stocks in LME-registered warehouses. An uptick in Chile’s copper output has also added to the supply pressure, while demand remains steady due to China’s market being on holiday break.<\/p>\n

In contrast to copper, lead prices have experienced an uptick. Metals such as nickel, zinc, and tin have seen varying dynamics with tin stocks rising and prices falling, while aluminum prices remain constant.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high U.S. interest rates have played a key role in strengthening the dollar, making dollar-priced metals more expensive for holders of non-dollar currencies. This trend has been further […]<\/p>\n","protected":false},"author":1,"featured_media":67701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-67700","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nCopper prices face decline amid strong dollar and growing inventories | iFintechWorld<\/title>\n<meta name=\"description\" content=\"In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=67700\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Copper prices face decline amid strong dollar and growing inventories | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=67700\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T07:01:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-02T07:01:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/LYNXMPED1K1IU_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67700#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67700\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Copper prices face decline amid strong dollar and growing inventories\",\"datePublished\":\"2023-10-02T07:01:32+00:00\",\"dateModified\":\"2023-10-02T07:01:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67700\"},\"wordCount\":162,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=67700#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67700\",\"url\":\"https:\/\/ifintechworld.com\/?p=67700\",\"name\":\"Copper prices face decline amid strong dollar and growing inventories | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-02T07:01:32+00:00\",\"dateModified\":\"2023-10-02T07:01:34+00:00\",\"description\":\"In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67700#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=67700\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67700#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Copper prices face decline amid strong dollar and growing inventories\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Copper prices face decline amid strong dollar and growing inventories | iFintechWorld","description":"In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=67700","og_locale":"en_US","og_type":"article","og_title":"Copper prices face decline amid strong dollar and growing inventories | iFintechWorld","og_description":"In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high","og_url":"https:\/\/ifintechworld.com\/?p=67700","og_site_name":"iFintechWorld","article_published_time":"2023-10-02T07:01:32+00:00","article_modified_time":"2023-10-02T07:01:34+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/LYNXMPED1K1IU_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=67700#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=67700"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Copper prices face decline amid strong dollar and growing inventories","datePublished":"2023-10-02T07:01:32+00:00","dateModified":"2023-10-02T07:01:34+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=67700"},"wordCount":162,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=67700#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=67700","url":"https:\/\/ifintechworld.com\/?p=67700","name":"Copper prices face decline amid strong dollar and growing inventories | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-02T07:01:32+00:00","dateModified":"2023-10-02T07:01:34+00:00","description":"In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=67700#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=67700"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=67700#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Copper prices face decline amid strong dollar and growing inventories"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67700"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67700\/revisions"}],"predecessor-version":[{"id":67702,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67700\/revisions\/67702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/67701"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}