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    copper-investing

    US Shutdown Weighs on Copper

    Vivien Diniz
    Oct. 03, 2013 09:39AM PST
    Base Metals Investing

    Bloomberg reported that the copper prices have declined for the third straight session as the US government failed to reach a decision about the budget and remained shutdown.

    Bloomberg reported that the copper prices have declined for the third straight session as the US government failed to reach a decision about the budget and remained shutdown.

    According to Bloomberg:

    The impasse raises the prospect of a prolonged standoff over the budget and talks to raise the U.S. debt limit. Failure to increase the government’s $16.7 trillion debt limit by Oct. 17 could trigger a default, President Barack Obama’s administration has said. The U.S. is the world’s biggest metals consumer after China.

    Click here to view the full report.

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