Weak Chinese Data Pushes Copper to 18-Month Low

Reuters reported that copper sank to a new 18 month low on Tuesday as weak Chinese data cast a shadow over demand from the major copper consumer.

As quoted in the Reuters report:

Three-month copper on the London Metal Exchange (LME) closed at $6,870 a tonne, down about 1 percent from a close of $6,935 a tonne on Monday. It earlier dropped to $6,762.25 a tonne, its lowest level since October 2011.

To view the whole Reuters report, click here.