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Copper prices for December delivery fell 3 percent in Monday trading compared to Friday last week, reaching $9,166 per tonne on the New York Stock Exchange, according to Metal News. Also, the price per tonne of copper on the London Metal Exchange, which is the global base price of copper, reached $9,52 per tonne, the lowest price of the metal since August 20.
In this regard, China's major construction company Evergrande is on the verge of bankruptcy and is now repaying its debt to investors. The company is also trying to settle the interest on its debts.
The company's crisis has raised fears about the domino impact of the crisis on china's economics. The government announced to the major banks not to receive interest on loans paid to OraGrande, while the deadline for paying interest on the company's bonds of $84 million ends today, September 21.
Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.
