Copper Falls for Fourth Day, as Supply Grows and Demand Slows

Bloomberg reported that copper has continued its descent in Wednesday trading, skirting lows not seen since last August.

As quoted in the market report:

Base metals are telling a story about global growth which is not reflected in U.S. equity markets, for example,” Guy Wolf, a macro strategist at Marex Spectron Group in London, said by e-mail. “There is limited physical demand and no shortage of supply. The rise in LME stocks is simply a reflection of this.

To view the whole Bloomberg report, click here.