Copper price down on omicron uncertainty
"While the severity of the new variant remains a big uncertainty, it casts a shadow over demand growth in the near future and further complicates the supply chain," said ING.
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CHART: Dwindling copper, zinc, nickel stocks could shield prices from omicron impact
Copper, nickel and zinc prices could be saved from worst effects of any new virus-related restrictions as historically low global stockpiles intensify fears of supply disruption.
