LME Closing on February 5th: Metals Plunge across the Board, Copper Futures Hit Two-Week Low Affected by Strong Dollar
Copper prices on the LME touched a two-week low on Monday, hurt by the strong dollar. Traders said that copper prices accelerated downward after the opening of the New York market, as robust U.S. service industry data dampened expectations for aggressive interest rate cuts by the Federal Reserve, thus boosting the dollar. Attention will also be focused on issues related to mine closures and disruptions, including First Quantum's Cobre mine in Panama.

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