Copper Extends Fall in Price

  1. 2.5k
    Posts

    Copper prices have slid as mixed trade data revived fears about China's economy, despite showing a surge in imports of the metal.

    Benchmark copper on the London Metal Exchange closed 0.8 per cent down at $US5,273 a tonne, tumbling from near a three-week high after data showed a sharp drop in Chinese imports for September.

    This weighed on the market, although monthly copper imports rose by a third to a 20-month high as price differentials and more shipments ahead of last week's holiday in China boosted trade. Overall, yearly copper imports were down 5.3 per cent.

Your browser is too old for TopStocks and not secure. Please update your browser