Copper Prices Plummet, Signaling Economic Worries

Copper prices plummeted on the COMEX, with December contracts dropping by fifteen hundredths, January by twenty-three and a half hundredths, and February by about twenty-four hundredths. March, the most active contract, fell to five point six zero two five. Volumes surged to ninety-one thousand contracts, up from seventy thousand on Friday. Traders are closely monitoring coppers decline, as it may indicate broader economic concerns. Open interest rose to two hundred sixty-seven thousand, up six hundred twenty-five from yesterday. Later months showed mixed results, with March twenty-seven up slightly, but overall sentiment remains bearish. Keep watching as coppers drop could signal slowing demand ahead. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.