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    copper investing

    Copper Price Falls to $5,940 a Tonne

    Teresa Matich
    Apr. 14, 2015 11:00AM PST
    Base Metals Investing

    Copper on the LME was down 0.8 percent on Tuesday and hit $5,940 a tonne, according to Reuters. Investors moved away from the metal ahead of China releasing economic growth data.

    Copper on the LME was down 0.8 percent on Tuesday and hit $5,940 a tonne, according to Reuters. Investors moved away from the metal ahead of China releasing economic growth data.

    China is the world’s largest copper consumer, and the metal’s price is tightly linked to the country’s economic performance. China’s economy grew 7.4 percent in 2014, and Investing.com anticipates the country’s growth rate will slow to around 7 percent for the first quarter of 2014.

    Comex copper fell 1.28 percent to $2.684, according to Investing.com.

    chinacomex coppercopper investing
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