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Copper falls as escalating Mideast conflict fuels slowdown concerns
Copper fell on Thursday, as an escalation in the Middle East conflict pushed oil prices higher and raised concerns about global economic growth. Benchmark three-month copper on the London Metal Exchange fell 0.75% to $13,414.5 a metric ton by 0300 GMT. Earlier in the day, it had reached a new three-week low of $13,378 a ton. The most-traded copper contract on the Shanghai Futures Exchange tumbled 1.5% to 102,910 yuan ($15,187.43) a ton.SHFE prices had touched 102,640 yuan a ton earlier in the morning, the lowest level since May 8. The US launched additional strikes on Iran overnight, and Iran said the Strait of ... (full story)
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- Jun 11, 3:06am | 3 hr ago Posted byFundamental Analysis64
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