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Copper hits lowest in a week on China speculator crackdown

Posted on 28 April 2016

Copper dipped to the lowest in a week on its third straight day of losses as a crackdown on speculators in China dampened sentiment, though metals markets were supported by a weaker dollar and strong oil prices.
Iron ore and steel futures in China led a retreat as the authorities raised trading costs to deter speculative investors believed to be behind last week’s big spike in prices and volumes that raised fears of a destabilising crash………………………………………..Full Article: Source


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