Copper futures for most actively traded May delivery retreated 2.2 % at $3.444 per pound, on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange slumped as much as 2.7 % at $7,545.75 a metric ton.
Monday, March 18, 2013
Copper futures fell for a second day to a four-month low on Monday
opper.....
Copper futures declined for a second day to a
four-month low as an unprecedented levy on bank deposits in Cyprus
threatens to plunge Europe back into crisis, curbing demand for metals.
Last week's announced unexpected drop in US consumer confidence and
increases in exchange stockpiles also weighed on the copper market.
Copper futures for most actively traded May delivery retreated 2.2 % at $3.444 per pound, on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange slumped as much as 2.7 % at $7,545.75 a metric ton.
Copper futures for most actively traded May delivery retreated 2.2 % at $3.444 per pound, on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange slumped as much as 2.7 % at $7,545.75 a metric ton.
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