Copper Drops to Four-Week Low as Unrest May Hamper Global Growth
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Copper fell to a four-week low on speculation that unrest in North Africa and the Middle East will derail recovering economies as oil prices jump.
Libyan leader Muammar Qaddafi vowed to fight a growing rebellion until his “last drop of blood” as bodies were left in the streets of Tripoli, the capital. Protests toppled presidents this year in Tunisia and Egypt. Oil jumped to the highest since October 2008 on supply concerns. The MSCI World Index of shares retreated for a third day.