Copper Drops 1 Percent on China Slowdown Fears

Reuters reported that copper dropped more than 1 percent after poor Chinese manufacturing data lowered the metal’s demand prospects.

As quoted in the market news:

In New York, the newly active March COMEX contract fell 4.15 cents to settle at $3.5340 per lb, closer to the bottom of its $3.5175 to $3.5995 session range.

Click here to read the full Reuters report.