BLBG: Copper Prices Slump in New York, Head to Fifth Weekly Decline
By Ted Bunker
Oct. 2 (Bloomberg) -- Copper fell in New York, heading for a fifth-straight weekly decline, the longest slide in a year.
Copper futures for December delivery dropped 5.1 cents, or 1.9 percent, to $2.686 a pound at 8:16 a.m. on the New York Mercantile Exchange’s Comex division. Before today, the metal was down 0.1 percent this week. The last decline of five straight weeks or more ended in August 2008.
