Mineral Resources
Copper prices fall as Markets Await Jackson Hole Speeches
Copper prices fell Thursday, as markets awaited the Federal Reserve annual symposium in Jackson Hole on Friday and Fed Chairman Jerome Powell's address. At 0941 GMT, the benchmark copper price on London Metal Exchange fell 0.4% to $9685 per metric ton. On Wednesday, it reached $9,670.50 - its lowest level since August 7. The weakness is due to the Jackson Hole conference, where speeches are expected to be very important. "Some risk aversion has also started to creep in, as seen in the decline in tech shares," said Dan Smith of CommodityMarket Analytics. The odds of a Fed rate reduction...