Copper hits a 1-month low on China, Spain

On Monday, copper prices declined to a one-month low in European morning trading session, amid concerns that Chinese slowdown is more severe than expected, and uncertainty over Spanish bailout. On the NYMEX, December delivery futures for copper were traded at $3.691 per pound, which was a 0.3% fall for the trading session. Earlier, it hit $3.646, which was the lowest since Sept. 10.