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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Quaterra Resources

Quaterra Resources Inc. (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) is advancing its 100%-owned flagship Yerington project in Nevada’s Yerington Copper District, one of the world’s most attractive mining jurisdictions.

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