Copper could drop below 6,000 dollars per tonne at LME before the year ends

摘要

Copper prices on the London Metal Exchange could fall below 6,000 dollars per tonne by the end of the year under pressure from waning demand and persisting economic concerns, market participants suggested. "People are talking below 6,000 dollars before the end of 2007, and from a technical point of view it is definitely a possibility. We've already come a long way down," said an LME trader. Three-month copper fell to fresh eight-month-lows in LME trading on November 22, following days of consecutive declines, on persistent bearishness across the financial markets.