Copper price has been falling in London for three trading sessions already, Reuters reports. It happens amid concerns that collapse of Turkish lira will hurt emerging markets. Besides, last data showed that Chinese economy slowed down.

In July investments into Chinese fixed assets grew at record low pace. Retail sales suffered as well amid escalating trade tensions in relations with the US.

China is the largest consumer of copper in the world. Therefore, it is obvious that slowdown of economy will influence global demand for metals.

Price of LME copper dropped 0,5% to $6125 per ton. It is traded for 49520 yuan ($7195) at Shanghai Futures Exchange.

LME zinc fell to $2469 per ton. Zinc futures in Shanghai lost 1,9% today.

It shall be noted that production output for ten non-ferrous metals in China, including copper, aluminum, lead, zinc and nickel, grew by 8,5% to 4,62 million compared with last year.