Copper price falls
China Daily | Updated: 2011-02-24 07:51
SINGAPORE - Copper declined to the lowest level in almost a month on concern that escalating geopolitical tensions may derail the economic recovery.
Three-month copper on the London Metal Exchange (LME) fell for a third day, dropping as much as 1.3 percent, to $9,459.75 a ton, the lowest level since Jan 28. It last traded at $9,468.75 at 2:23 pm in Singapore on Wednesday. All six LME metals declined, paced by a 1.8 percent drop in nickel.
"Metals are being dragged lower by the risk aversion seen in the other financial markets," said Li Peiying, an analyst at Essence Futures Co.
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