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Copper’s price plunge and hits lowest in 5-1/2 years

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 hit by China demand concerns

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 outlook 2014

Despite the Federal Reserve’s decision last week to start ending its massive bond-buying stimulus, a major support for commodity prices for years, copper has held up quite well amid signs that the U.S. economy is on stronger footing. Copper stole

Copper weakens as China plans capacity reduction

At the end of June, it seemed that bottom was falling out of copper prices. Since then it gained a few percents, but last Thursday on the London Metal Exchange, copper for delivery in three months fell 2.2 percent to

Bottom Is Falling Out of Copper Prices

Copper‘s world is coming apart. The price has fallen 16% so far this year and is 34% below February 2011 all-time closing high. This isn’t just a case of slowing economic growth. The global forces propelling the metals stunning rise

Copper: biggest weekly drop since 2011

After a decade during which large copper companies have struggled to follow a demand driven by Chinese consumption, new projects are finally coming to life. Unfortunately, this increase in supply meets a slowdown in demand. Benchmark three-month copper was down more

Fear of copper supply disruptions to come

Copper prices have fallen since February amid expectations of a supply glut, but buyers say they are starting to pay hefty fees to get metal when they need it—on top of the actual price of copper—because so much is being