Copper in London Drops for a Fourth Day on Concern Global Growth to Slow

Bloomberg reports that copper futures plunged due to worries that euro-zone nations will be unable to control the sovereign-debt crisis.

The market news is quoted as saying:

Three-month copper on the London Metal Exchange dropped as much as 1 percent to $8,870 a metric ton, the lowest intra-day level since Aug. 25, and traded at $8,890.25 as of 3:32 p.m. Seoul time.

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