Copper scrap prices tumble on weaker Comex, demand

Oct 22, 2007 | 01:59 PM | Sean Barry

U.S. copper scrap prices have taken a tumble as primary metal on the Comex division of the New York Mercantile Exchange falls and demand for certain grades of material dries up.

Copper for December delivery on Comex finished at $3.4865 a pound Monday, down from $3.553 at Friday's wind-up and $3.64 at the start of last week. Weak U.S. economic data, rising stocks and falling copper prices in world markets all influenced the red metal's direction over the past week.....

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