Due to the housing crisis in China, dwindling hopes for stronger stimulus measures among the main consumer of industrial metals, and the conflict in the Middle East, the price of copper fell to its lowest level in 11 months on Monday.

At 09:45 GMT, the benchmark copper on the London Metal Exchange (LME) was down 0.9% to $7,875 per metric ton. Prices for metal used in the energy and construction industries touched $7,856 earlier, the lowest since Nov. 28. According to one metal trader, “metals are under pressure for reasons that include real estate and demand in China and what seems to be an escalation of the conflict in the Middle East.”

Among other metals, aluminum fell 0.7% to $2,166 per ton at $2,166 per ton, zinc fell 1.7% to $2,395, lead fell 0.9% to $2,083, tin fell 0.6% to $24,830, and nickel fell 0.7% & clip; $18,435