Copper market’s biggest whale fuels speculation of a major shift
The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year.
Bloomberg reports that copper fell to a one-week low.
The market news is quoted as saying:
Copper futures for July delivery declined 2.4 cents, or 0.6 percent, to $4.0845 a pound at 9:58 a.m. on the Comex in New York.
