Base Metals

Copper on the London Metal Exchange fell 0.8 percent to $5,534 per tonne today, Bloomberg Businessweek reported.

Copper on the London Metal Exchange fell 0.8 percent to $5,534 per tonne today, Bloomberg Businessweek reported. Data from China showed industrial profits grew at a record slow pace – 3.3 percent in 2014, the weakest in any records going back to 2000, according to the National Bureau of Statistics in Beijing.

“There is absolutely no doubt there has been a demand vacuum in China,” Colin Hamilton, head of commodities research at Macquarie Group Ltd., said at a news briefing in London. “Also European demand looks to be extremely weak.”

Copper futures for March delivery on New York’s Comex fell 1.4 percent to $2.508 per pound, near a low not seen since 2009.

MARKETS

Markets
TSX19620.13+43.09
TSXV664.17+4.09
DOW32803.47+76.65
S&P 5004145.19-6.75
NASD12657.55-63.03
ASX7015.60+40.70

COMMODITIES

Commodities
Gold1774.96+1.14
Silver19.90+0.01
Copper3.55+0.07
Palladium2124.59+12.40
Platinum936.51+2.50
Oil88.53-0.01
Heating Oil3.20-0.13
Natural Gas8.01-0.12

DOWNLOAD FREE REPORTS

×