Copper Hits One-Month Low

Reuters reported that copper tumbled to a one-month low as the market felt the continued absence of Chinese traders due to the lunar New Year holiday.

As quoted in the market report:

Benchmark three-month copper on the London Metal Exchange (LME), untraded at the close, was bid at $7,960 a tonne, having fallen below the psychologically significant $8,000 tonne to hit its lowest level since Jan. 17 at $7,954 earlier.

To view the whole Reuters report, click here.

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CUU logo_1 color blackIn 2014 Copper Fox Metals Inc. (TSXV:CUU) added approximately 1.8 billion pounds of copper as well as 140,000 ounces of gold contained within the Inferred resource category to its metal holdings. Connect with CUU to learn more.

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