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Copper Falls on Speculation of More Tightening: LME Preview
Jan. 07, 2011 11:36AM PST
Base Metals Investing Businessweek reports that Copper in London headed for the first weekly drop in six as concerns that China is set to further tighten monetary policy in the first quarter curbed demand.
Businessweek reports that Copper in London headed for the first weekly drop in six as concerns that China is set to further tighten monetary policy in the first quarter curbed demand.
The editorial is quoted as saying:
Asian stocks fell, erasing the week’s gains, after Samsung Electronics Co.’s profit decline fueled concern share gains are outpacing earnings growth. Default risk jumped to a one-month high and the euro reached the lowest in more than three months.
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