June 4 (Reuters) – U.S. copper futures extended an early sell-off Friday, sinking to their lowest levels since mid-October, after a government report showed U.S. non-farm payrolls grew at a less-than-expected rate in May.
Basic Materials
By mid-morning, copper for July delivery HGN0 sank 9.60 cents, or 3.3 percent, to $2.8505 per lb on the New York Mercantile Exchange’s COMEX division, a low dating back to Oct. 19, 2009. (Reporting by Chris Kelly; Editing by John Picinich)