- Copper futures slumped to their biggest loss in more than two years as investors worried about slowing growth in China, which accounts for 40% of the world's copper demand.
- Traders were spooked by China's first default on a bond traded in the mainland, which comes amid broader fears about the impact of China's economic slowdown on demand for industrial metals.
- Copper prices have lost 9.2% YTD as signs of faltering growth in China have raised the outlook for a surplus.
- Top publicly traded producer Freeport McMoRan (FCX) -4.8%.
- ETFs: JJC, CPER, CUPM
Copper prices post biggest drop in more than two years on China concerns
From other sites
at CNBC.com (May 14, 2015)
Video at CNBC.com (May 14, 2015)
at CNBC.com (May 4, 2015)
Video at CNBC.com (May 1, 2015)
at CNBC.com (Mar 24, 2015)
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