Copper Plunges to Three and Half Year Low

Reuters reported that negative Chinese data that calls into question their demand, pushed copper down to levels not seen in three and half years.

As quoted in the market report:

Three-month copper on the London Metal Exchange fell to $7,085 a tonne in intraday trade, its lowest since October 2011. It ended at $7,202, down from a close of $7,406.50 on Friday, bringing year-to-date losses to more than 9 percent.

To view the whole Reuters report, click here.