16.09.2014 - Copper price hits three-month low
Copper futures have fallen to their lowest level in nearly three months as investors bet that slower economic expansion in China will weigh on demand for the industrial metal. The most actively traded contract, for December delivery, settled US2.10c, or 0.7 per cent, lower at $US3.0855 a pound on the Comex division of the New York Mercantile Exchange. This was the lowest settlement since June 19. On Monday, investors had their first chance to react to weaker Chinese industrial production data, released over the weekend. In August, China's value-added industrial production posted its slowest increase since December 2008, climbing just 6.9 per cent from a year earlier...............................................Full Article: Source
Print