US copper futures dropped in connection with the overall fall of the metals complex as the US dollar’s strength continued to push metals down.  

A weaker tone on Wall Street and further probes to the downside in crude oil prices were other factors seen dragging on industrial metal copper.

Read the entire article here.

An earthquake in Chile did not cause any damage but it did leave concerns about a decreased copper supply.  Demand worries leave Italy decreasing their output this year.

In industry news, output of copper and aluminium semi-finished products in Italy, Europe’s second-biggest producer after Germany, will fall this year due to weak demand from key consumers.

Find the article here.

Comment

Tweet