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Copper, Zinc Lead Industrial Metal Slump on China Demand Concern
Nov. 16, 2010 06:09PM PST
Base Metals Investing
Bloomberg reports that Copper prices fell the most in four months on concern that China will act to slow its economy, eroding demand for metals.
Bloomberg reports that Copper prices fell the most in four months on concern that China will act to slow its economy, eroding demand for metals.
The market news is quoted as saying:
The London Metals Index, tracking six components including lead and tin, slumped 6.3 percent, the biggest drop since May 4, on bets that China will curb growth to rein in inflation. Copper also fell amid signs a strike may be ending at a mine that is the world’s fourth-largest source of the metal.
