Comex copper prices drifted into negative territory to open the week on Monday July 30, although the market was awaiting supply news out of South America.
The price of copper for September settlement on the Comex division of the New York Mercantile Exchange fell by 1.65 cents or 0.6% to $2.7855 per lb."While we think the summer sell-off in copper is not justified from a fundamental perspective, we cannot rule out further weakness in the...