Copper Price Fall to a 3-month Low

Fewer supply disruptions than expected and existence of sufficient stock of copper with China, the largest consumer, has resulted in the price falling to the lowest level in New York in more than three months. On the Copper Exchange (Comex) market in New York, July futures fell to $2.0380 a pound (which is below $4.500 a tonne), which is down by nearly 2%. After hectic trading, copper is down more than 10% in May. This is wiping out gains of almost a year, when copper fell 26% in value.

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