14.08.2015 - Copper steadies as slower yuan decline calms market
Copper steadied on Thursday above the previous session's six-year low after China's central bank said there was no basis for further yuan depreciation, dampening concerns that the country's appetite for metals imports could wane. Weighing on base metals, however, was a stronger dollar, which makes dollar-priced metals costlier for non-U.S. investors. Three-month copper on the London Metal Exchange gained as much as 1.2 percent to an intraday high of $5,253 a tonne. It failed to trade in closing open outcry activity and was last bid down 0.1 percent at $5,184.50...............................................Full Article: Source
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