Copper for delivery in three months dropped 5.3 percent Wednesday to settle at $5,548 a metric ton ($2.52 a pound) on the London Metal Exchange, after dropping as much as 8.6 percent, the biggest intraday loss since October 2008. It
Copper futures for December delivery rose 0.4 percent to settle at $3.237 a pound at 1:18 p.m. on the Comex in New York, after touching $3.246, the highest for a most-active contract since Aug. 11. Copper rose to a two-week
On the London Metal Exchange, copper for delivery in three months rose 0.4 percent to $6,915 a metric ton ($3.14 a pound). Copper futures for delivery in September gained 0.7 percent to settle at $3.166 a pound at 1:14 p.m.
Copper lost 2.2% to $6,615.50 per ton, in its worst week in over a month and a half, hit by fears of a slowdown in demand by China. The Asian nation is the world’s largest copper consumer, accounting for almost
Copper prices have fallen sharply last week on the London Metal Exchange, falling to their lowest level in more than three and a half years with investors worried about the current state of the Chinese economy. Fears that have weighed more
Copper prices lost ground Tuesday on fears of a demand slowdown from China, the world’s largest consumer of the red metal. According to Jesper Donnesboe, senior raw materials strategist quoted by Bloomberg, copper prices were expected to go up due to
The flash reading for China compiled by HSBC and Markit fell to a six month low of 49.6 in January versus 50.5 in December, fueling worries about demand in the world’s top metals consumer. Consequently, copper fell to its lowest
Copper fell 2.3% on Wednesdays to $3.1595 a pound on the Comex division of the New York Mercantile Exchange, the lowest price since July 31. So far this year, the price declined 12 percent. Copper futures fell to a three-month