Copper price comes a cropper, hitting all-time low of $5 340/t

The new calendar year has started in “explosive fashion” for copper, with the three-month contract on the London Metal Exchange falling to a record low of $5 340/t as of January 26, says professional services firm SNL Metals & Mining. The company’s Copper Briefing Service (CBS) last month, noted that most of the damage occurred during Asian trading hours.