Copper prices slumped to their lowest in nearly two months on Wednesday after recent weak economic data reinforced demand fears while a looming central bankers conference focuses attention on interest rates.
Saudi Arabia's economy grew for the first time since the coronavirus pandemic in the second quarter fuelled by a 10.1% growth in the non-oil sector, according to flash government estimates on Monday.
China is expected to keep its benchmark lending rate unchanged for the 16th straight month at its August fixing on Friday, but some traders and analysts believe a cut may be needed soon amid signs the country's economic recovery is losing steam, a Reuters survey showed.