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Copper prices open lower on firm dollar, economy woes

Posted on 17 November 2008

From Reuters: London copper futures fell 3.1 percent on Monday,reversing Friday’s 5 percent gains, chased lower by Shanghai as commodity markets succumbed to profit taking in light of the strengthening dollar.

London Metal Exchange copper for delivery in three months fell $120 to to $3,700 a tonne at 0101 GMT, while Shanghai’s most active copper contract SCFc3 dropped 2
percent to 29,400 yuan ($4,309)….. Full Article: Source


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