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Bloomberg reported that copper dropped on speculation that Europe’s debt crisis will erode demand for copper.
Bloomberg reported that copper dropped on speculation that Europe’s debt crisis will erode demand for copper.
As quoted in the market news:
Copper futures for March delivery retreated 4.7 percent to close at $3.2785 a pound at 1:16 p.m. on the Comex in New York, the biggest loss for a most-active contract since Oct. 20.
