Copper Futures Fall to $7,123 per Tonne in London

Concerns about the future of the Federal Reserve’s stimulus program caused copper to fall today. While economic activity in top-copper consumer China has picked up recently, a reduction in quantitative easing would still drag investor demand for copper down, The Wall Street Journal reported.

Copper for three-month delivery on the London Metal Exchange was down $64.92, to $7,123 a tonne, according to Bloomberg. In New York, copper futures for December delivery sank to $3.29 a pound, a drop of $0.04 from the previous session.