METALS-Copper struggles for clear direction as Fed decision, Trump-Xi meeting loom
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Copper prices remained stable as investors awaited the Federal Reserve's rate decision and a meeting between U.S. President Trump and Chinese leader Xi Jinping. Three-month copper on the London Metal Exchange fell 0.41% to $10,993 per metric ton, while the Shanghai Futures Exchange saw a slight increase. Supply issues and improved demand in Europe have supported copper prices. Anglo American reported a 9% drop in copper production, while Southern Copper's Tia Maria mine project is 23% complete, targeting production by 2027.
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