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Copper Sees Marginal Rise, Still Likely to Post Third Weekly Loss
Jun. 21, 2013 05:48AM PST
Base Metals Investing
Reuters reported that although copper regained some traction after plunging to a 20-month low on Thursday, but is expected to post a third weekly loss, as concern remains about China’s economic prospects.
Reuters reported that although copper regained some traction after plunging to a 20-month low on Thursday, but is expected to post a third weekly loss, as concern remains about China’s economic prospects.
As quoted in the market report:
Three-month copper on the London Metal Exchange was up 0.7 percent at $6,817 at 1055 GMT, off an intraday low of $6,692 a tonne, its weakest since October 2011. It closed at $6,770 on Thursday.
