Friday, 20 September 2019 11:47 GMT

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.


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Copper drops to four year low

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