copper down sharply
"Copper futures weakened past $3.40 per pound in September, the lowest in two months, weighed down by aggressive monetary tightening around the world that stoked fears of a global recession and dampened metals demand. The US Federal Reserve led the charge with its third straight 75 basis point rate hike to bring down inflation, along with increases by the Bank of England and the Swiss National Bank, among others. Economic uncertainties in top metals consumer China also weighed on sentiment after Nomura and Goldman Sachs lowered their growth forecasts for the country, citing expectations that its strict zero-Covid strategy would extend well into next year. "