Copper get hits hard by slow demand

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

Other Favorite Posts You Might Like...

20 Million—Why Is this Number Critical for Copper?... SOURCE:- For resource expert Joachim Berlenbach, fund adviser with Switzerland’s Earth Resource Investment Group, copper is shining brighter than gold—he even does some back-of-the-envelope calc...
Copper Futures Fall to $7,123 per Tonne in London Copper market update:  Following the Fed's surprise announcement last Wednesday, copper rallied over 2%. But in the early part of this week, many of those gains have vanished as mixed signals about th...