Global Growth Worries Bring Copper Close to Three-week Low

Reuters reported that a poor demand outlook for industrial metals — caused by indications of weak global growth — brought copper to almost a three-week low.

As quoted in the market news:

Benchmark three-month copper on the London Metal Exchange (LME) closed at $8,119, from a close of $8,207 on Friday. It earlier fell to an intraday low at $8,107, its lowest level since Jan. 30.

Copper hit a four-month peak of $8,346 in early February but has since struggled to gain traction. Traders hope that China’s return to the market this week could help set a floor under prices.

Click here to read the full Reuters report.

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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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