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Copper settles at one-month high

Posted on 24 July 2013

Copper hit a one-month high on hopes for higher demand from top consumer China after a report that its premier said growth must remain above 7%. The most actively traded copper contract, for September delivery, rose 1.3 cents, or 0.4%, to settle at $3.198 a pound on the Comex division of the New York Mercantile Exchange, the highest since June 14.
Chinese Premier Li Keqiang said that economic growth can’t be allowed to slip below the 7% level, a state newspaper reported on Tuesday. Worries about a slowdown in Chinese growth have weighed on copper prices this year………………………………………..Full Article: Source


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