Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Copper Falls to Lowest Since October 2011, Entering Bear Market

April 19 (Bloomberg) -- Copper slumped into a bear market in London on concern slowing economies from China to the U.S. will reduce demand as supply of the metal expands.

Copper for delivery in three months fell 1.4 percent to $6,990 a metric ton by the close on the London Metal Exchange today. That was below the level of $6,992 marking a 20 percent drop from the February 2012 closing high, a common definition of a bear market.

To contact the reporters on this story: Agnieszka Troszkiewicz in London at atroszkiewic@bloomberg.net; Joe Richter in New York at jrichter1@bloomberg.net;

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.