Copper extends losses on weaker yuan

Source: Bloomberg
© Scanpix/Reuters
Copper traded near the lowest in two months as China slowing growth and a weaker Yuan might reduce demand for the metal in China. Copper for delivery in May traded at $7,034.25 a ton at 4:24 p.m. in Tokyo after floating between $7,054 and $6,995. The price reached $6,993.50 on Thursday trading session, the lowest since Dec. 4. The metal for delivery in May  on the CFFEX traded at $8,004 a ton, making its second decline in a month, while on the Comex in New York it traded at $3.204 a pound, adding 0.2% this month.

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