Copper Falls to $7,054.50 per Tonne, Still Riding on U.S. Growth

Three-month Copper sold on the London Metal Exchange fell $54.25 to reach $7,054.50 per tonne on Wednesday, according to Reuters.

Copper has been steadying from last Wednesday’s three-week high, although Asia continues to be a major copper buyer. Orders for U.S. manufactured goods were high as well, and copper continues to ride on U.S. growth.

China has stated it is confident it will maintain a medium-to-high rate of growth, which could improve demand for copper.

Comex copper for September delivery is trading at $3.17 per ounce, a decrease of $0.01, according to CME Group.

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Copper Fox Metals Inc.

In 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 this company that’s on the move!Learn More

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