London Copper Drops 0.57%

Reuters reported that London copper dropped 0.57 percent to $7,375 due to fresh worries over Greek and Spanish sovereign debt crisis.

As quoted in the market news:

Three-month copper on the London Metal Exchange traded at $7,375 at 03.05 a.m. EDT, down 0.57 percent from the previous session, when it logged a small advance. Prices earlier fell to $7,344.25 a metric ton (1.1023 tons), the lowest since June 27, and are down nearly 3 percent for the year.

Click here to read the full Reuters report.