Copper Investing News » US Copper Drops 2% at Open

US Copper Drops 2% at Open

October 1, 2008 @ 9:33 am In Copper Market News

While waiting for news on the US financial bailout package copper has dropped another 2 percentage points.

Copper prices caught in a spiral of U.S. dollar strength, spreading economic slowdown, and long liquidation - analysts.

Read the article here ^[1].

A strike at Xstrata's ^[2] Kidd operations will impact copper cathode production. The London Metal Exchange (LME) ^[3] warehouse stocks have risen by 450 tonnes and the Shanghai markets are closed for a week-long holiday.

Article printed from Copper Investing News: http://copperinvestingnews.com

URL to article: http://copperinvestingnews.com/450/us-copper-drops-2-at-open/

URLs in this post:

[1] here: http://www.reuters.com/article/rbssMiningMetalsSpecialty/idUSN0136931520081001?pageNumber=2&virtualBrandChannel=0

[2] Xstrata’s: http://www.xstrata.com/

[3] London Metal Exchange (LME): http://www.lme.co.uk