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Copper set for longest slump in 27 years on Factory data

Posted on 05 February 2014

Copper dropped for a 10th day, heading for the longest losing streak since at least April 1986, on signs of weakening demand after manufacturing slowed in China and the U.S., the world’s top metals consumers.
The metal for delivery in three months on the London Metal Exchange slid as much as 0.3 percent to $7,016 a metric ton, the lowest intraday level since Dec. 4, and was at $7,030.50 at 4:28 p.m. in Tokyo. Prices have lost 4.3 percent in this run of declines………………………………………..Full Article: Source


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