Copper price sinks as new covid variant spooks markets

LME aluminium lost 4.2% to $2,601 a tonne, zinc shed 3.1% to $3,197, lead was down 0.4% to $2,261, tin eased 0.5% to $38,600 while nickel ceded 3.7% to $19,895.

Shares in copper and base metals-producing miners reflected the slide. BHP Group fell 3.1%, Glencore plc was down 6.5%,…