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Copper sinks to 2011 low in commodity free-fall

Posted on 06 May 2011

Copper nosedived more than 3 percent on Thursday to its lowest level since December as fears about sputtering global growth and growing inflation risk triggered a vicious cross-commodity crash.

The 19-commodity Reuters-Jefferies CRB index .CRB was last off almost 5 percent on the day and 8 percent so far this week, heading for its biggest weekly decline since December 2008, as prices of oil, metals and grains plunged amid the widespread liquidation……………………………………….Full Article: Source


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