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Copper to Mark Third Quarterly Drop, with Worst Showing Since 2001
Jun. 26, 2013 08:37AM PST
Base Metals Investing
Bloomberg reported that copper is on track to post a third quarterly loss, which will mark the worst run it has seen since 2001, as waning demand in China continues to apply downward pressure.
Bloomberg reported that copper is on track to post a third quarterly loss, which will mark the worst run it has seen since 2001, as waning demand in China continues to apply downward pressure.
As quoted in the market report:
Copper for delivery in three months fell as much as 1.4 percent to $6,699 a metric ton on the London Metal Exchange and was at $6,703 at 10:50 a.m. in Shanghai. The metal has lost 11 percent this quarter, the biggest drop since the July-to-September period in 2011.
