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Copper took a major hit on Wednesday, according to Reuters. The precious metal fell to a five-and-a-half-year low following the World Bank’s forecast for falling global growth in addition to continuing declines in oil prices.
Copper took a major hit on Wednesday, according to Reuters.
The precious metal fell to a five-and-a-half-year low following the World Bank’s forecast for falling global growth in addition to continuing declines in oil prices.
Reuters reported copper fell to $5,353.25 a tonne on the London Metal Exchange – its lowest level since July 2009.
Meanwhile, Investing.com spotlighted copper for March delivery fell 7.9 percent on the Comex to hit $2.434 per pound – a low not seen since June 2009.
