Copper Falls on Downbeat IMF Report

Reuters reported that copper fell more than 3 percent in Wednesday trading, weighed down by a report from the IMF casting doubt on the strength and speed of the global economic recovery.

As quoted in the market report:

Benchmark copper on the London Metal Exchange traded down 2.4 percent at $7,108.50 a tonne at 1321 GMT from $7,285 at the close on Tuesday, more than offsetting gains in that session of 1.2 percent. It earlier fell more than 3 percent to $7,039 a tonne.

To view the whole Reuters report, click here.