Copper

Add a New Bears Reason Commodity: Copper Current price: Headline: (100 character max) Analysis: Cancel 75% agree 4 votes edit Copper Prices/Bears/No Building - No Copper. Top Contributor: Bret Holmes | Created when FUTURE:HG00 was $0.00 | Edit | History 46% of all copper consumption is used on building works, another 30% is used in plumbing etc. The complete slowdown of buildings means that copper demand is low - this is likely to reduce the prices. A pullback in new home construction in the U.S. combined with slower-than-expected economic growth in China pulled the price of copper down yesterday (Thursday). Copper for three months delivery on the London Metal Exchange closed at $4,729 per metric ton – down $90 from Wednesday’s close, Reuters reported. (100 character max) Cancel

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