| From Metalmarkets.org.uk: Base metals prices were lower Thursday on concerns that demand will continue to fall after a report said that copper production will exceed demand this year, after zinc inventories in London Metal Exchange warehouses were up during the session, and on a new report from the US Labor Department said that new jobless claims rose in the United States again last week.
March copper was down 3 cents to $1.50 per pound in New York while three-month copper dropped $65 to $3,350 per tonne in London after an analyst report said that refined copper production will outstrip demand by 915,000 tonnes this year..... Full Article: Source
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