![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD_QfIdmgaesVNCUKjdiCpVIhVLij7oa4uQt7E3TYzRKX8yMffDU3li75HdprhnOCgUits7XTme_48XVuy4YDpbOIKmxCtwDUTc1SQQYomoF5iixMcCZAyjonwRsmoEQjCo7tOKg/s200/copper+fmx.jpg)
The price of copper dropped to $2.9065 a pound in response to Congresses defeat of the credit bill. Analysts fear a credit shortage will slow growth in the U.S., Europe, and China. China has accounted for 40% of the demand growth for copper recently.
Copper hit a record price of $4.2605 on May 5, but is down 25% the past quarter, the most ever.
[above, cathode plates, Freeport McMoRan]
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