Source: Wall Street Journal                       Date: 08 September, 2011

Copper suffered in recent weeks due to a shaky economy and investors unwilling to bear risks. Investors in the United States are most likely spooked due to an unexpected drop in employment. Copper is one of Mongolia's chief exports and has a great influence on the Mongolian tugrug performance.  The most actively traded copper contract, December delivery, hit a low of USD 4.0725 per pound.

In the U.S. government sector, jobs were cut while the private sector added only 17,000 new positions. Unemployment stood at 9.1 percent in the United States. Economic data has a huge influence on the value of copper because it is so closely linked to consumption because it is found an assortment of goods. If demand falls, it takes copper with it.

“I think you're going to see copper go sideways for the foreseeable future until people see how the economy is going to pan out,” said Matt Zeman, head of trading at Kingsview Financial.

The weak data is projecting a poor future for copper and will likely prevent it from achieving any fresh records this year.