Copper market flat as housing slump worsens

Dec 20, 2007 | 10:30 AM | Sean Barry

Business activity in the U.S. physical copper market has come to a standstill as concerns over the slowdown in the residential construction sector deepen and consumers continue to run down inventory ahead of year-end.

Single-family home starts and permits both fell more than 5 percent in November to the lowest levels in more than 16 years, according to the latest figures from the U.S. Commerce Department. The construction of new homes accounts for a large proportion of copper consumption in the United States.....





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