Bloomberg reported that the copper prices have declined for the third straight session as the US government failed to reach a decision about the budget and remained shutdown.
According to Bloomberg:
The impasse raises the prospect of a prolonged standoff over the budget and talks to raise the U.S. debt limit. Failure to increase the government’s $16.7 trillion debt limit by Oct. 17 could trigger a default, President Barack Obama’s administration has said. The U.S. is the world’s biggest metals consumer after China.