Friday, 20 September 2019 11:47 GMT
img

Copper drops to four year low




(MENAFN - ProactiveInvestors)

Copper prices have fallen as much as 1.1% after closing to a four-year low after Chinese industrial profits fell the most in two years.

On the London Metal Exchange copper for delivery in three months was at US$6294 a metric ton by 10:32 a.m. in Hong Kong.

The metal has dropped 14% since the start of the year.

Chinese industrial profits dropped 4.2% in November to 676.12 billion yuan (US$108.85 billion) according to the National Bureau of Statistics.

This was driven primarily by weakness in coal mining and oil and gas industries.

 

Proactive Investors Australia is the market leader in producing news articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia UK North America and Hong Kong / China.


Copper drops to four year low

  Most popular stories  

Day | Week | Month