Copper hits two-week low on Omicron uncertainty, aluminium slips

Benchmark copper on the London Metal Exchange (LME) was down 1.8% at US9,409 a tonne at 1713 GMT, having touched its lowest since Nov. 18 at $9,395.

LONDON: Copper prices fell to a two-week low on Tuesday as worries about the damage to demand and economic growth from the Omicron coronavirus variant and monetary policy tightening in the United States weighed on sentiment

Fed Chair Jerome Powell said the U.S. central bank is likely to discuss speeding up its tapering of large-scale bond purchases, which traders said triggered further selling after the New York open.