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Commodity News Details
Copper plummets to two month low
12-Nov-2024 17:42
COMEX Copper futures are witnessing heavy selling pressure today as worries over medium term demand linked to renewable energy uses after weighing on the sentiments after the US presidential elections. The metal tanked around 2% to trade at $4.14 per pound, testing near two month low. Meanwhile, in Asia, China's Shanghai Composite index fell 1.39%. Hong Kong's Hang Seng index tanked 2.84%. Japanese Nikkei index dipped 0.40%. European markets slipped after recent gains with major indices sliding around 1%. US stocks stayed supported after recent array of gains though the Nasdaq settled flat with technology stocks turning in a subdued performance.

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