Commodity broker Sucden
Financial Ltd has filed a court claim against Indian businessman
Prateek Gupta, whom global trader Trafigura has accused of fraud
of over half a billion dollars, London court. -Today at 11:56 am- MarketScreener
The price of copper fell below $7,500 a ton Wednesday as fears of a global economic slowdown piled pressure on industrial metals and deepened their retreat from record highs just months ago.
Copper-related exchange traded funds have been taking a beating as fears of a global recession have weighed on the demand outlook for industrial metals.