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Copper Declines as Surging Energy Costs Spur Concern Economies May Weaken
Mar. 01, 2011 11:38PM PST
Base Metals Investing Bloomberg reports that on Comex in New York, Copper plunged for the first time in five sessions due to concern over surging energy costs.
Bloomberg reports that on Comex in New York, Copper plunged for the first time in five sessions due to concern over surging energy costs.
The market news is quoted as saying:
Copper futures for May delivery slid 1.15 cents, or 0.3 percent, to close at $4.498 a pound at 1:22 p.m. on the Comex in New York. The price gained 5.1 percent in the previous four sessions on signs that the U.S. economic recovery is accelerating.
