Copper Prices Close in On Lowest Price in 3 years

Copper prices have suffered due to slowing economic growth as well as China’s decline in demand as the country’s inventories reach a 10-year high. Bloomberg reported prices for copper are the lowest in almost three years.

On the London Metal Exchange, copper prices for delivery in three months fell June 24 to $6,677, a decline of $140.22. On the Comex in New York, copper saw a similar drop, falling  $0.075 to $3.022 a pound. According to Bloomberg, trading volume was nearly double the average of the past 100 days in New York.

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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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