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Copper Extends Losses

Copper Extends LossesCopper Extends Losses

London copper slipped on Friday and was heading for its largest weekly loss since the start of 2015, as steel and iron ore prices plunged, speeding a pull back in commodities on concerns over China’s economy and a stronger dollar, Reuters reported. Three-month copper on the London Metal Exchange edged down by 0.2% to 36,560 a ton, extending losses from the previous session when prices fell 1.7% and reached the weakest since April 18 at $4,764 a ton. Prices were tracking for a 5.4% weekly loss, the largest weekly decline since January 2015.

 

Financialtribune.com