Tag Archive | "backwardation"

Backwardation hits LME copper market

Thursday, April 23, 2009

By Leia Michele Toovey- Exclusive to Copper Investing News This week, a slew of bad news zapped copper’s recent rally. Copper fell in London on concerns about demand for the industrial metal after the International Monetary Fund said the global economy will shrink this year.  Copper for delivery in three months lost $36.25, or 0.8 [...]

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