Copper Drops as Moody’s Considers Downgrading European Bank Debt

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.

Click here to read the full Bloomberg report.