Copper Futures Down on Global Demands, Government Shutdown

- October 4th, 2013

Bloomberg reported that the US Government’s inability to break its budget stalemate is eroding prospects for the economy and metal demand.

Bloomberg reported that the US Government’s inability to break its budget stalemate is eroding prospects for the economy and metal demand.

According to the report:

Copper futures for December delivery slumped 1.4 percent to settle at $3.2685 a pound at 1:06 p.m. on the Comex in New York. Trading was 33 percent lower than the average in the past 100 days, data compiled by Bloomberg show.

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