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Reuters reported that copper plunged to a three-year low on Monday, pushed down by a strengthening dollar and concerns about tight credit for China hampering demand.
Reuters reported that copper plunged to a three-year low on Monday, pushed down by a strengthening dollar and concerns about tight credit for China hampering demand.
As quoted in the market report:
Three-month copper on the London Metal Exchange touched a session low of $6,613 a tonne, its cheapest since July 2010. By 0947 GMT, it was down 2.5 percent at $6,650 from a close of $6,818 on Friday. The metal lost nearly 4 percent last week in its biggest weekly loss since mid-April.
