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    copper investing

    Copper Prices Close in On Lowest Price in 3 years

    Investing News Network
    Jun. 24, 2013 11:14AM PST
    Base Metals Investing

    Copper prices have suffered due to slowing economic growth as well as China’s decline in demand as the country’s inventories reach a 10-year high.

    Copper prices have suffered due to slowing economic growth as well as China’s decline in demand as the country’s inventories reach a 10-year high. Bloomberg reported prices for copper are the lowest in almost three years.

    On the London Metal Exchange, copper prices for delivery in three months fell June 24 to $6,677, a decline of $140.22. On the Comex in New York, copper saw a similar drop, falling  $0.075 to $3.022 a pound. According to Bloomberg, trading volume was nearly double the average of the past 100 days in New York.

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