Copper tumbles below $US7000/t

COPPER prices slumped overnight with the spot price for the red metal dipping below $US7000 a tonne as copper inventories continue to rise.

Copper tumbles below $US7000/t Copper tumbles below $US7000/t Copper tumbles below $US7000/t Copper tumbles below $US7000/t Copper tumbles below $US7000/t

The spot price for copper on the London Metal Exchange closed overnight at $6756/t, down $246 or 3.5%, with LME inventories up 0.71% to 180.9 kilotonnes.

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