Copper dips on virus fears

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    Copper prices fell on Tuesday following caution over surging global cases of COVID-19 and the uncertainty around a new US stimulus package ahead of the presidential election.

    The United States, Russia, France and many other countries set records for daily infections, while a much-awaited US stimulus was yet to be agreed.

    Investors also stayed on the sidelines ahead of the US presidential election due on Nov. 3.

    Three-month copper on the London Metal Exchange fell 0.1 percent to $6,777.50 a ton, while the most-traded December copper contract on the Shanghai Futures Exchange declined 0.9 percent to 51,480 yuan ($7,680.60) a ton.