Save
Print[Ferro-Alloys.com] Copper prices drifted lower on the London Metal Exchange on Wednesday July 17, as Federal Reserve chairman Ben Bernanke said that asset purchases may be tapered if the country’s economic recovery remains on course.
Three-month copper prices settled at $6,939/40 per tonne on Wednesday, down from $7,000 at the start of trading and $6,964/656 in the previous official session. The red metal was moderately softer ahead of Ben Bernanke’s testimony to congress, which came shortly after the official session. Bernanke repeated earlier comments that the Fed could taper asset purchases later this year.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editor]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Online inquiry
Contact
Tell Us What You Think