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Wednesday, July 11, 2012

Copper treads water; global growth worries weigh

Copper treads water; global growth worries weigh | Reuters
Copper was flat on Wednesday subdued by worries about a global slowdown following a weak start to the U.S. corporate earnings season and amid protracted sovereign debt problems in Europe, while traders awaited key economic data from top metals consumer China later this week.  LME copper traded at $7,506 a tonne at 6:15 a.m. EDT, little changed from Tuesday's close of $7,490 a tonne. Prices have rebounded from six month lows of $7,233.25 a tonne hit one month ago, and are down one percent on the year.

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