| Weakening demand from China and the unraveling of copper-related financing deals continue to plague the price of Copper. Tuesday’s declines were a reversal after the metal hit a seven-week high on Monday following reports last week indicating that the Chinese State Reserves Bureau had purchased 200,000 tons of copper in March and April to move into state warehouses.
US copper producer grade 110 price saw a 0.5 percent drop on Tuesday, April 29, landing at $3.80 per pound and making it the biggest mover of the day. The price of US copper producer grade 122 fell 0.5 percent to $3.80 per pound...............................................Full Article: Source
|