Copper Futures Fall to $7,123 per Tonne in London

Copper market update:  Following the Fed’s surprise announcement last Wednesday, copper rallied over 2%. But in the early part of this week, many of those gains have vanished as mixed signals about the future of QE stimulus continue to be sent. Economic activity picked up recently in China for example, but any tapering by the U.S. Fed would still drag investor demand down according to the Wall Street Journal. Traders say that cash injected into the system by stimulus policies have led to higher demand for alternative assets, namely commodities. But since copper is used in a wide-range of manufacturing, it’s very sensitive to shifts in global economic activity. Read more…