International. Something that did not happen six years ago occurred at the beginning of this week with copper prices, which reached minimum values, as a cause of the decline in stocks in Shanghai, China, which aroused economic uncertainty.
Benchmark three-month copper on the London Metal Exchange fell nearly 4% to $4,855 a tonne. The metal ended the session at $4,953, up from $5,055 per ton at Friday's close.
"The market fears a severe deterioration in Chinese demand. The perception that the Chinese government can control what is happening has been destroyed," said Carsten Menke, a commodities analyst at Julius Baer.
"This can be seen in the stock market crash. The fear is that there may be more points of weakness that we are not seeing now," he said.
Chinese stocks plunged more than 8 percent, their biggest intraday decline since the 2007 global financial crisis, after investors were disappointed that Beijing failed to announce expected monetary policy measures following an 11 percent decline in Major Chinese stock market indices last week.
