Copper led industrial and precious metals down on the COMEX today, shedding 4.3%, or 15 cents, to $3.21 per pound.
Take a look:
Other metals are also down:
- December gold contracts: Down 0.5% to $1,644 an ounce
- December silver contracts: Down 2.1% to $31.16 an ounce
- January platinum contracts: Down 1.4% to $1,519 an ounce
Freeport-McMoRan, which beat analyst earnings consensus this morning on sales of $5.2 billion, is trading down 2.5%. Others are farther in the red, with Augusta Resources, General Moly and Cliffs Natural Resources all tumbling greater than 6% midday.
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