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.

Get the Latest Copper Investing Stock Information

Get the latest information about companies associated with Copper Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Get Our Expert Guide to Copper Investing FREE!

Download this FREE Special Report, From LME Copper to Copper ETFs: Understanding Today’s Copper Price for Investing in Copper.

Leave a Reply