Copper prices hit an 8-month low recently amid an unexpected drop in supply demand from U.S. business equipment – the second biggest consumer of copper in the world.
Hard Assets reported on the story first, saying:
“Orders for non-military capital goods excluding aircraft declined 1.3 percent in October, a government report showed today. Economists in a Bloomberg survey expected a 1 percent gain. A slump in energy futures damped the outlook for some commodities.”
See full story on resourceinvestor.com
Photo courtesy of resourceinvestor.com