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Waning Demand, Growing Supply Among Factors Pulling Copper Back
Mar. 25, 2013 11:58AM PST
Base Metals Investing
Reuters reported that copper pulled back on Monday, as investors lost some enthusiasm in the wake of the Cypress bailout deal. Copper also suffered from news of growing supply and data that suggests Chinese demand is still thin.
Reuters reported that copper pulled back on Monday, as investors lost some enthusiasm in the wake of the Cypress bailout deal. Copper also suffered from news of growing supply and data that suggests Chinese demand is still thin.
As quoted in the market report:
Three-month copper on the London Metal Exchange ended at $7,620 a tonne, down from Friday’s close of $7,655.
