Copper to Mark Third Quarterly Drop, with Worst Showing Since 2001

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.

To view the whole Bloomberg report, click here.