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Copper prices dropped nearly two percent on Tuesday to hit a six and a half year low, the BBC reported.
Copper prices dropped nearly two percent on Tuesday to hit a six and a half year low, the BBC reported.
As quoted in the publication:
The metal fell to $4,955 a tonne, just $100 above the level it reached in 2009 in the wake of the financial crisis.
Demand for copper, which is used across industry from construction to car manufacturing, has suffered from the slowing Chinese economy.
Investment bank Goldman Sachs warned investors this week that prices would continue to fall.