How low can copper go?

Copper Investing News reports copper prices have been low with the slow global economic recovery.

On Wednesday, U.S. copper futures for December delivery HGZ8 fell as far as $1.6210 a lb on the New York Mercantile Exchange’s COMEX division, $0.55 below its record October low of $1.6265.To some analysts, the market’s intraday low was indicative of the near-term weakness in the economically-sensitive metal, and the next downside target could be $1.50. But others said technical buying at $1.60 levels could keep copper from reaching further lows right away.

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