Copper Prices Fall to $7,287 a Tonne Amid Syria Speculation

Speculation over the United States taking military action against Syria caused copper prices to fall today. Investors were more adverse to risk on Wednesday and high copper supplies in China – the world’s top consumer of the metal – also pushed prices down, Reuters reported.

On the London Metal Exchange, three-month copper fell $29.15 to $7,287 a tonne. Copper prices hit $7,352.50 an ounce earlier in the session, according to the source, before falling.

In New York, copper for September delivery was  down $0.02 to $3.31 a pound, Global News reported.