Recession or depression?

Copper Investing News reports copper futures fell to a low dating back in July 2005.

London Metal Exchange (LME) warehouse stocks fell to 292,775 tonnes, a drop of 250 tonnes. Inventories are still running about 50 per cent above September at their highest levels since January 2004. Indian copper futures traded steady with a downside bias on Thursday as the deepening global slowdown continued to weigh on demand for industrial metals. Benchmark February copper was down 0.15 per cent at Rs 178.80 per kg.

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