Copper Drops as Europe Crisis May Affect China’s Demand

Bloomberg reported that copper dropped as the International Monetary Fund announced that China’s economic expansion will be severely affected if Eurozone’s debt crisis worsens.

As quoted in the market news:

China’s economic expansion would be cut almost in half if Europe’s debt crisis worsens, a scenario that would warrant “significant” fiscal stimulus from the nation’s government, the International Monetary Fund said.

Click here to read the full Bloomberg report.