Copper Market Update

Copper prices sank on Wednesday, plunging to a five-year low to pace a broad selloff in the metals sector. Gold, however, escaped the rout to close mostly flat.

High-grade copper for March delivery HGH5, +1.88%  dropped 14 cents, or 5.2%, to $2.51 a pound, hitting levels not seen since mid-2009. Copper had lost 8 cents in Tuesday trade on the New York Mercantile Exchange.

No comments:

Post a Comment