A feeble attempt at a rally yesterday evaporated on Friday with the copper price hitting a fresh six-and-half year low of $1.9365 a pound ($4,270 a tonne) after falling nearly 2% in New York.
Freeport-McMoRan Inc., the world’s largest publicly traded copper producer, led a rally in mining and energy equities as a rebound in raw-materials prices gave investors reasons to cheer amid the worst rout in commodities since the global financial crisis.
Base metals or precious metals? That is the question. With the Yuan devaluation, interest rate hikes, and stock market volatility, Eric Coffin explores what commodities merit your investment dollars.