Copper steadied by the close recovering from a previous 3 month low, as investors reassessed the
likely fallout from Japan’s massive earthquake.
likely fallout from Japan’s massive earthquake.
A big move in Chinese inflation in February only added to the negativness, extending copper’s weekly losses to as much as 10 percent before the sale began to show signs of fatigue.
“The market is picking and choosing which indicators it wants to respond to.
In the extent of the earlier correction … it didn’t need too much for a rebound in prices,”
said GFMS Metals Consulting Managing Director Neil Buxton.
Despite the late recovery, copper prices still managed to suffer their biggest weekly
decline since early June 2010
In the extent of the earlier correction … it didn’t need too much for a rebound in prices,”
said GFMS Metals Consulting Managing Director Neil Buxton.
Despite the late recovery, copper prices still managed to suffer their biggest weekly
decline since early June 2010
