London Copper Drops 0.5 Percent

Reuters reported that London copper dropped 0.5 percent on concern over Eurozone’s 100-billion euro ($125.11 billion) bailout of Spain’s banks.

As quoted in the market news:

Three-month copper on the London Metal Exchange fell 0.5 percent to $7,382.50 a tonne by 0721 GMT after rising 1.7 percent on Monday, although it remains on track to post a gain of 1 percent this week.

Click here to read the full Reuters report.