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US Dollar Drags Copper Futures Down

September 11, 2008 @ 8:13 am In Copper Market News

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 [1].

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 [2].


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URLs in this post:

[1] here: http://www.reuters.com/article/rbssMiningMetalsSpecialty/idUSN1149305320080911

[2] here: http://www.reuters.com/article/rbssMiningMetalsSpecialty/idUSN1149305320080911?pageNumber=2&virtualBrandChannel=10284

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