Copper Price Down as US Debt Concerns Mount

  • Wednesday, October 9, 2013
  • Source:

  • Keywords:London Metal Exchange opening price copper
[Fellow]
[Ferro-Alloys.com] The London Metal Exchange copper price was range-bound during early Asian trading on Wednesday October 9, as the US fiscal worries lingered.
 
At 03:07 London time, three-month copper stood at $7,225 per tonne, down $16 from its opening price. “The US debt problem still is the focus of the market. With no progress so far, pressure is on metals,” an analyst from Cifco said.
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