Copper Market News Directory

Copper Sees Major Decline to $5,353.25 a Tonne

Copper took a major hit on Wednesday, according to Reuters. The precious metal fell to a five-and-a-half-year low following the World Bank's forecast for falling global growth in addition to continuing declines in oil prices.

Copper Hits $5,845 per Tonne

Three-month copper on the London Metal Exchange lost 2.8 percent to trade at $5,845 per tonnetoday, Reuters reported, hitting a low not seen since October 2009.

Copper Prices Slide to Lowest in Five Years

Copper prices fell below $6,000 per tonne for the first time in over five years, Bloomberg reported. The metal fell to as low as $5,966 on Monday, but was back up to $6,007 by 2 p.m., London time. Outlook for slower growth from China and a broader pressure on commodities are contributing to bearish sentiment for the red metal.