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London Metal Exchange copper for three-month delivery fell $6 today to trade at $6,658 per tonne. Meanwhile, The Wall Street Journal pegs copper for July delivery on New York’s COMEX as down 1.2 percent, or $0.0365, at $3.0205 per pound.
London Metal Exchange copper for three-month delivery fell $6 today to trade at $6,658 per tonne, according to Metal Bulletin. Meanwhile, The Wall Street Journal pegs copper for July delivery on New York’s COMEX as down 1.2 percent, or $0.0365, at $3.0205 per pound.
“There are worries about China and the speed of their economy that are keeping the bulls away from the copper market,” Sterling Smith, a futures specialist at Citigroup Inc. (NYSE:C), told the Journal.
Also weighing on the copper price was news that the Chinese yuan has fallen against the dollar.
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