Copper Drops to $9,569, Set for the Worst Quarterly Performance in Three-Shanghai Metals Market

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Copper Drops to $9,569, Set for the Worst Quarterly Performance in Three

Industry News 04:46:32PM Mar 30, 2011 Source:SMM

Mar.30 (Bloomberg) --Copper in London fell, putting it on track for its worst quarterly performance in three quarters, on concern global economic growth may slow after Japan’s worst earthquake on record and as China extends tightening measures.

The metal for three-month delivery on the London Metal Exchange lost as much as 0.2 percent to $9,569 a metric ton, and traded at $9,570 by 8:06 a.m. Singapore time. It is down 0.3 percent since the start of the year.
 

 

 

Copper Drops to $9,569, Set for the Worst Quarterly Performance in Three

Industry News 04:46:32PM Mar 30, 2011 Source:SMM

Mar.30 (Bloomberg) --Copper in London fell, putting it on track for its worst quarterly performance in three quarters, on concern global economic growth may slow after Japan’s worst earthquake on record and as China extends tightening measures.

The metal for three-month delivery on the London Metal Exchange lost as much as 0.2 percent to $9,569 a metric ton, and traded at $9,570 by 8:06 a.m. Singapore time. It is down 0.3 percent since the start of the year.