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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Base metals drop after rising most in almost two months

Posted on 03 July 2013

Industrial metals declined as concerns remained that economic growth in China, the biggest user, is slowing. Copper for delivery in three months on the London Metal Exchange declined as much as 0.9 percent to $6,919 a metric ton and was at $6,937.75 by 10:28 a.m. in Shanghai. Metal for delivery in September on the Comex fell 0.4 percent to $3.146 a pound.
China’s economic expansion in the second quarter may slow to about 7.5 percent, the China Securities Journal reported, after two gauges of manufacturing released yesterday showed growth slowing……………………………….Full Article: Source


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