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Copper falls on persistent demand worries

Posted on 28 November 2008

From Theglobeandmail.com: Copper fell nearly 3 per cent on Thursday, shrugging off a softer U.S. dollar, dragged lower by the persistent poor demand outlook, while aluminum and lead fell on news that China may cut or abolish export taxes on the metals.

China may reduce or cancel taxes on exports of primary aluminum and refined lead, and it may allow copper smelters to import some concentrates duty free, as part of its move to boost exports and improve firms’ operations….. Full Article: Source


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