COPPER PRICES TO SLIDE TO NEAR 7-YEAR LOW

Uncategorized Jan 08, 2016 No Comments

 

NEGOTIATOR’S TAKE: Industrial metals keep falling; so should the prices you pay for metal components…opportunities abound!

 

01.07.16 – Concern over industrial metals

Copper prices tumbled on Thursday – hitting their lowest in nearly seven years – as plunging China equities highlighted the country’s economic problems and reinforced concern about demand for industrial metals.

Benchmark copper on the London Metal Exchange was down 2.9 percent at $4,486 a tonne at 1505 GMT. The metal, used in power and construction, had earlier touched $4,430, its lowest since May 2009.

 

Shanghai stocks triggered “circuit-breaker” for second time this week

China’s stock markets were suspended for the day less than half an hour after opening as a new circuit-breaking mechanism was tripped for a second time this week. Shanghai stocks slid 7.3 percent to trigger the halt, a repeat of Monday’s losses…..Read the rest of this ProPurchaser sourced article, HERE.


 

Source: FOX BUSINESS January 2016

Adam

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