Copper Slides as Banks Cut Estimates for Global

Bloomberg reports copper inched down after Morgan Stanley and Deutsche Bank AG cut their forecasts for economic growth worldwide and in China.

The market news is quoted as saying:

Copper futures for December delivery slid 6.7 cents, or 1.7 percent, to close at $3.986 a pound at 1:15 p.m. on the Comex in New York, the biggest drop for a most-active contract since Aug. 8.

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