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Copper Prices Hit by China, Glencore

Posted on 29 September 2015

Copper prices were pushed lower by expectations of more data showing a slowdown in China, the world’s largest consumer of the metal. Investors were also unsettled by a slide in the share price of Swiss mining-and-trading company Glencore PLC, which fell to a new all-time low amid concerns about its debt burden.
Copper for December delivery, the most actively traded contract, sank 3.2 cents, or 1.4%, to $2.2515 a pound on the Comex division of the New York Mercantile Exchange………………………………………..Full Article: Source


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