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Copper Drops on Speculation China Demand May Weaken: LME Preview
Dec 12,2011 18:22CST
industry news
Source:SMM
Copper dropped in London on speculation demand from China may weaken as economic growth slows in the biggest metals user.

Dec.12 (Bloomberg) --Copper dropped in London on speculation demand from China may weaken as economic growth slows in the biggest metals user.

Market News:

Metals News:

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Metal Prices:

-- Copper fell $135, or 1.7 percent, to $7,680.75 a metric ton
by 7:32 a.m. on the London Metal Exchange. Relative Strength
Index 50.
-- Aluminum declined 0.5 percent to $2,055 a ton. RSI 42.4.
-- Zinc dropped 1.4 percent to $1,975 a ton. RSI 49.6.
-- Lead fell 2.1 percent to $2,120 a ton. RSI 55.7.
-- Nickel declined 1.8 percent to $18,275 a ton. RSI 52.3.
-- Tin fell 2 percent to $19,850 a ton. RSI 38.5.


Other Markets:

                     Last           % Change       % YTD
U.S. Dollar Index   78.915            0.4           -0.1
Crude oil           $98.84           -0.6            8.1
Gold                $1,690.82        -1.2           19.0
MSCI World Index    1,188.24          0.1           -7.2


Economic Events:

                                      Forecast  Prior     Time
                                                        (London)
U.S. Monthly Budget Statement  NOV    -139.0B   -150.4B   19:00






 

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