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Expectant Investors Push Copper Down to $6,692.25 Per Tonne
Nov. 12, 2014 09:38AM PST
Base Metals Investing
The copper price on the London Metal Exchange fell to $6,692.25 per tonne on Wednesday, according to MetalBulletin – a $2 decline from its opening price.
The copper price on the London Metal Exchange fell to $6,692.25 per tonne on Wednesday, according to MetalBulletin – a $2 decline from its opening price.
Meanwhile, on the Comex, copper for December delivery fell 0.2 percent, or 0.6 cents, to trade at $3.027 a pound.
Both decreases were attributed to investors awaiting economic news from China, which is the biggest consumer of copper. The country accounts for nearly 40 percent of world copper consumption, according to Investing.com, and is set to release data on a spate of economic indicators from October.
