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Copper sinks to 4-year low, demand outlook worsens

Posted on 19 December 2008

From Guardian: Copper prices continued to nose dive on Thursday, dropping to their lowest levels in four years, as grim demand prospects for industrial metals stemming from a global slowdown continued to drive bearish sentiment.

A sharply weaker reading in German corporate sentiment in December, coupled with lower seasonally adjusted October imports and exports in the Eurozone and four-year lows in the U.S. Conference Board’s index of Leading Economic Indicators underscored the global reach of the credit crisis….. Full Article: Source


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