Copper Falls 4.7 Percent

Bloomberg reported that copper dropped on speculation that Europe’s debt crisis will erode demand for copper.

As quoted in the market news:

Copper futures for March delivery retreated 4.7 percent to close at $3.2785 a pound at 1:16 p.m. on the Comex in New York, the biggest loss for a most-active contract since Oct. 20.

Click here to read the full Bloomberg report.