Friday 6 June 2014

Copper futures decline on China port probe

Copper futures declined on Thursday after a bank suspended some metals financing due to a Chinese port investigation, prompting some concerns that the probe may lead to liquidation of finance deals.
Copper futures for July delivery settled down 0.1% at $3.0905 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange fell 0.1% to $6,780 a metric ton.

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