03.12.2015 - Copper declines to almost reverse gains after China supply cuts
Copper fell after US manufacturing unexpectedly shrank at the fastest pace since 2009, retracing most of an advance on Tuesday as smelters in China, the world’s biggest producer, agreed to reduce output. Zinc retreated. Copper slid as much as 0.9%, almost reversing a 1% gain the previous day, when Chinese companies announced cuts of 350 000 metric tons next year. The reduction would tip the market into a deficit if it’s implemented, said Helen Lau, an analyst at Argonaut Securities (Asia) in Hong Kong...............................................Full Article: Source
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