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Copper Drops as Moody’s Considers Downgrading European Bank Debt
Nov. 29, 2011 03:24PM PST
Base Metals Investing Bloomberg reported that copper inched down after Moody’s Investors Service is considering a downgrade of debt ratings for European banks.
Bloomberg reported that copper inched down after Moody’s Investors Service is considering a downgrade of debt ratings for European banks.
As quoted in the market news:
The contract for three-month delivery dropped as much as 1.3 percent to $7,395 a metric ton on the London Metal Exchange, and traded at $7,467 at 2:25 p.m. Shanghai time.
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