An Economist says general industrial metal prices on the international market are expected to underperform this week due to fears of a second wave of covid-19 in major import countries.
In an interview with Money FM news, Dr. Patrick Chileshe said industrial metal prices on the market are currently being threatened by the news of a new wave of infections in import countries such as China which has caused fear among investors.
“Industrial commodity prices are expected to underperform this week as fears grow among investors due to a new wave on covid-19 infections,” Dr. Chileshe.
Dr. Chileshe added that copper prices are down by 2 percent compared to the performance last week.
“Copper prices are down compared to last week’s performance,” He said.

He further added that trade tensions between America and China continue to affect international trade of industry metals on the market having negative effects on the economy.