Copper futures fell to the lowest level since October 2011 during European morning hours on Tuesday, as weak manufacturing data out of China and Germany added to concerns over the global economic outlook.
Copper is sensitive to the economic outlook because of its widespread uses in construction and manufacturing.
On the Comex division of the New York Mercantile Exchange, copper futures for May delivery traded at USD3.082 a pound during European morning trade, down 1.6% on the day.
New York-traded copper prices fell by as much as 2% earlier in the session to hit a daily low of USD3.059 a pound, the weakest level since October 5, 2011.
Copper is sensitive to the economic outlook because of its widespread uses in construction and manufacturing.
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On the Comex division of the New York Mercantile Exchange, copper futures for May delivery traded at USD3.082 a pound during European morning trade, down 1.6% on the day.
New York-traded copper prices fell by as much as 2% earlier in the session to hit a daily low of USD3.059 a pound, the weakest level since October 5, 2011.
