Global Growth Worries Bring Copper Close to Three-week Low

Reuters reported that a poor demand outlook for industrial metals — caused by indications of weak global growth — brought copper to almost a three-week low.

As quoted in the market news:

Benchmark three-month copper on the London Metal Exchange (LME) closed at $8,119, from a close of $8,207 on Friday. It earlier fell to an intraday low at $8,107, its lowest level since Jan. 30.

Copper hit a four-month peak of $8,346 in early February but has since struggled to gain traction. Traders hope that China’s return to the market this week could help set a floor under prices.

Click here to read the full Reuters report.