MB:Shanghai copper drops to 2011 low on sovereign debt concerns
Shanghai copper plumbed a new low for the year on Tuesday amid continued concerns about the health of the global economy
Shanghai copper plumbed a new low for the year on Tuesday amid continued concerns about the health of the global economy. December copper on the Shanghai Futures Exchange closed at 62,960 yuan ($9,869) per tonne, down 0.6% from Monday’s close. It traded as low as 62,460 yuan during the day. “As the Eurozone debt crisis appears to be worsening and the US economic recovery looks feeble, copper consumption will be further encroached on," an analyst in...
