Weak Data from China, Strong US Dollar Rattle Copper Investors | Copper Investing News

By Vivien Diniz – Exclusive to Copper Investing News

Copper futures were down to their lowest level in a month today after Thursday’s weak manufacturing data from China and the United States inspired doubts that demand for the red metal is going to rise.

Copper for March delivery on the London Metal Exchange is changing hands at $7,199 per metric ton, down from Thursday’s close of $7,292. Urged on by HSBC’s China manufacturing purchasing managers’ index (PMI), which recently indicated a slowdown in industrial activity for the first time in six months, the red metal touched a one-month low on Thursday, reaching $7,185.