Copper prices fell on Friday, extending a decline from Thursday after traders were largely unimpressed with signals about stimulus from a major economic conference in China.
Benchmark copper futures on the London Metal Exchange settled at $9,093.50 a tonne, while February copper futures fell 0.4% to $4.2270 a pound.
China’s Central Economic Work Conference – a high-level meeting of government officials – revealed scant details about the country’s plans to launch further stimulus and support the economy.
Expectations for China’s Central Economic Work Conference were high after China’s Politburo gave its most pessimistic signal yet earlier this week. But China’s Central Economic Work Conference did not provide any further signals on the promised measures.
