Copper Tumbles 6%

Copper, after tumbling 4% yesterday, plummeted again on the COMEX today.  It’s down 6% to $3.07 per pound.

Take a look:

Copper Price Trading October 20

Photo: FinViz

Precious metals are also taking a beating:

  • December gold contracts: Down 2.0% to $1,614 an ounce
  • December silver contracts: Down 2.8% to $30.36 an ounce
  • January platinum contracts: Down 2.1% to $1,491 an ounce

Southern Copper Corp. is trading 1.5% lower today.

Click here to check out the chart of the day >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at