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Copper awaits further decline on global economic worries

Posted on 19 March 2014

Copper price fell 13% so far this year due to various macroeconomic worries ranging from Chinese credit tightening concerns, Russia-Ukraine tensions, sluggish Japanese and US economic data that led to overall slide in industrial commodities.
In the last three session over the previous week, copper recorded one of its sharpest fallsof around 9% to settle at $6380 a tonne on the London Metal Exchange (LME) from $7220 a tonne. With this slide, copper hit the lowest level sinceJune 2010. Apparently, its demand is being questioned further as China , the world’s largest consumer, sees exports and inflation contracting at a fasterrate than expected………………………………………..Full Article: Source


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