Copper slips as Euro Zone debt fears resurface
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Copper slipped on Wednesday in thin trade as worries about the Euro Zone debt crisis resurfaced ahead of a debt auction in Italy and as concerns over an economic slowdown in top metals consumer China clouded metals demand growth prospects.
Benchmark copper on the London Metal Exchange lost more than one per cent to trade at $7,530 a tonne in official rings from a close at $7,650 a tonne on Friday. Aluminium traded at $1,996 in rings from $2,016. Tin, untraded in rings, was bid at $19,145 from a last bid of $19,295. while zinctraded at $1,825.50 in rings.
Battery material lead changed hands at $1,980 from $2,020 and nickel at $18,410 from $18,505
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Source : Business
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