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Base metals tumble on recession worries

Posted on 16 October 2008

From Reuters: Base metals tumbled on Thursday, with Shanghai copper and zinc futures hitting their downside limit and London copper fell by 5 percent, after the Fed warned that the U.S. economy faces a big threat.

The benchmark Shanghai copper SCFc3 and Shanghai zinc SZNc3 fell by their 4 percent daily limit at the opening, while aluminium SAFc3 touched its downside limit before recovering…… Full Article: Source


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