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Copper price falls in New York as China’s economic growth slows

Posted on 21 October 2008

From Bloomberg: Copper prices dropped after China’s economy, the biggest contributor to global growth, expanded at the slowest pace in five years.

China’s gross domestic product rose at a 9 percent annual rate in the third quarter, the weakest performance since 2003, the national statistics bureau said in Beijing today. The Asian country is the world’s biggest metals user. Copper has lost half of its value since touching a record in May as the financial crisis hampered global growth….. Full Article: Source


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