Thursday, October 14, 2004
Copper plunges from 15-year highs
BBC NEWS | Business: "Fears of falling demand for copper in key US and Chinese markets have prompted a plunge in metals prices on both sides of the Atlantic.
Copper futures sank by as much as 12% from 15-year highs on the New York Metals Exchange, before settling 11% lower.
In the UK, copper fell 8.4% from a 15-year high of $3,145 on 8 October.
Traders described the speculative selling on the London Metal Exchange as unstoppable. "
Copper futures sank by as much as 12% from 15-year highs on the New York Metals Exchange, before settling 11% lower.
In the UK, copper fell 8.4% from a 15-year high of $3,145 on 8 October.
Traders described the speculative selling on the London Metal Exchange as unstoppable. "
Labels: Copper
