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Copper price steadies

Posted on 13 November 2008

From Theglobeandmail.com: Copper steadied into the close on Wednesday, bouncing from an early slide to three-year lows, as rising inventories and decelerating economic growth continued to highlight the industrial metal’s dim demand prospects.

“Higher supply and lower outlook for demand going forward is the perfect storm for lower prices, and that’s exactly what we have seen,” said Adam Sarhan, founder of GlobalMacroResearch.com in New York……. Full Article: Source


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