Copper scrap falls on lack of demand, Comex slump

Nov 09, 2007 | 01:50 PM | Sean Barry

U.S. copper scrap prices have nose-dived on unexpectedly weak demand and falling primary copper prices on the Comex division of the New York Mercantile Exchange.

The bottom continued to fall out of the copper market Friday, with December-delivery prices on Comex plummeting 5.85 cents (1.8 percent) to settle at $3.1455 a pound vs. the previous day's close at $3.204 a pound. Copper had closed out the previous week at $3.325 a pound.....

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