| Worries about weaker demand from China, the world's top copper consumer, pushed copper futures to their lowest level in nearly two weeks. The most-actively traded contract, for July delivery, fell 2.2 cents, or 0.7 per cent, to settle at $US3.1230 a pound on the Comex division of the New York Mercantile Exchange. This was the lowest settlement since copper futures closed at $US3.0830 on May 9.
Copper futures have been recovering in recent weeks, as some investors wagered that fears of an economic slowdown in China were overblown and that low inventories of the metal could send prices higher.............................................Full Article: Source
|