Copper drops to more than 3-year low as coronavirus fears grip markets

Copper drops to more than 3-year low as coronavirus fears grip markets

Copper fell to its lowest in over three years on Thursday after the US imposed curbs on travel from Europe due to the coronavirus and gave little detail on other plans to cushion its economy from the pandemic. Three-month copper on the London Metal Exchange (LME) ended 1.6% lower at $5,440 a tonne, after falling as low as $5,376.50, its weakest since November 2016.

Sandra
Sandra
IvoryDove
IvoryDove 1 months

Buy copper.

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