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Copper recovers from three-year low

Posted on 14 November 2008

From Theglobeandmail.com: Copper recovered on Thursday from levels unseen since 2005 as a weaker U.S. dollar and Chinese production cuts offset demand concerns after data showed China’s industrial output fell in October.

Copper for December delivery ended down 3.15 cents (U.S.) at $1.6240 a pound on the New York Mercantile Exchange’s Comex division, but up from an overnight low of $1.58 – the lowest level for a second-position contract on a continuation basis since mid-July 2005…… Full Article: Source


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VRS - who has written 38126 posts on Opalesque Commodities Briefing.


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