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IPFS News Link • Precious Metals

Copper Breaks $2 Level, Sags to Six-Year Low As Barclays Cuts Forecasts on China

• davidstockmanscontracorner.com

Metals have been hammered in 2016 as concerns intensify that China's economic growth is faltering. The nation's stock selloff and depreciation of the yuan has roiled global financial markets, and data released Saturday showed inflation in December was about half the government's 2015 target. Mining companies are suffering as prices slump, with shares of Freeport-McMoRan Inc. on Tuesday reaching the lowest since 2000.

-1x-1


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