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Reuters reported that copper was sent tumbling due to investors’ worries about the financial crisis brewing in Cyprus; however, positive Chinese data helped prop the metal up.
Reuters reported that copper was sent tumbling due to investors’ worries about the financial crisis brewing in Cyprus; however, positive Chinese data helped prop the metal up.
As quoted in the market news:
Three-month copper on the London Metal Exchange, untraded at the close, was last bid at $7,590 a tonne from a close of $7,620 on Wednesday. It is still comfortably off the seven-month low of $7,486.25 hit on Tuesday.
