China’s stimulus shakes copper market fundamentals

Copper Investing News reports copper prices fell as inventory depletes.

Copper took a slight dip, falling $45 to $3,700, bit overall prices are still high. U.S. copper futures trading volumes shrunk as profit taking purchases dried up; recently, copper trading activity was high as stimulus related purchases from China had buyers worried that there would not be enough metal to go around. Now, traders are gun shy over the anticipation of US unemployment data. Economists expect Friday’s payroll report to show the economy shed 648,000 jobs in February, the biggest monthly decline since 1949.

For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.