Volatile market quells copper scrap activity
Nov 03, 2011 | 05:26 PM
| Chris Prentice
NEW YORK Financial worries stemming from Greeces economic instability and volatile Comex prices have copper scrap buyers and sellers slow to commit, market participants told AMM.
"The market is too volatile," one copper scrap trader told AMM. "People are afraid to make a move."
Copper prices for December delivery settled at $3.59 per pound on the Comex Thursday after dropping to $3.47 per pound earlier in the day on worries that a planned Greek referendumsince called offwould block the struggling countrys bailout deal agreed upon by European leaders last week. ....
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