Copper price at lowest level since 2020 as fears over global economy grow

Fall comes amid concerns that soaring inflation will curb spending by large manufacturers

Copper has suffered its worst weekly plunge in price since the early months of the coronavirus pandemic, in a stark indicator of the worsening state of the global economy.

The metal dropped below $7,000 (5,913) a tonne for the first time since November 2020, as fears over a worldwide recession grew.