08.07.2015 - Industrial Metals Drive Commodities Down on China, Greece Woes
Copper tumbled to a six-year low and nickel plummeted the most since 2010 as industrial metals led a plunge in commodities after China’s equity rout and turmoil in Greece eroded prospects for raw-material demand. The Bloomberg Commodity Index of 22 prices fell 1.5 percent to close at 97.6 after touching 96.48, the lowest since March 18. Aluminum and lead entered bear markets. Freeport McMoRan Inc., the world’s top publicly listed copper producer, posted the fifth-biggest drop among companies in the Standard & Poor’s 500 Index. Glencore Plc, the largest commodity trader, slumped to a record in London...............................................Full Article: Source
Print