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The Wall Street Journal reported that copper prices are still falling on the back of an even stronger dollar.
The Wall Street Journal reported that copper prices are still falling on the back of an even stronger dollar.
As quoted in the publication:
Copper for December delivery, the most actively traded contract, was recently down 2.4% at $2.0065 a pound on the Comex division of the New York Mercantile Exchange, the lowest level since May 2009.
Prices for the industrial metal, which is heavily used in manufacturing and construction, have lost 29% this year and are down almost 57% since their 2011 highs.
Among the reasons for its most recent troubles has been a stronger dollar.
