Copper futures trade near 2009 Oct low

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Source: Investing.com
On Monday copper traded close to the five-year low, as concerns over weak global demand put pressure on the red metal. Futures for March delivery slid 0.4 cents to $2.751 per pound after hitting a low of $2.741, unseen since 2009, amid Chinese producer price inflation declining the most in a two-year period. Strong greenback cut demand for raw materials by making commodities' prices in dollar terms more expensive, while Asia is the world's largest copper consumer, constituting nearly 40% of the demand.
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