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Bloomberg reported that copper declined to a two-week low after the European Union dropped its growth forecast by more than half for 2012.
Bloomberg reported that copper declined to a two-week low after the European Union dropped its growth forecast by more than half for 2012.
As quoted in the market news:
Copper futures for December delivery dropped 1.9 percent to close at $3.374 a pound at 1:17 p.m. on the Comex in New York, after touching $3.318, the lowest since Oct. 24. Prices have dropped 6 percent since Nov. 3, the longest slump since Oct. 4.
