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Shanghai copper falls on weakening sentiment

February 24, 2010 - 07:43 GMT Location: Shanghai

Shanghai copper fell 1.2% as softening US consumer confidence brought forward expectations of a rate hike.

Benchmark June copper ended at 58,320 yuan ($8,528) per tonne, down 730 yuan from the previous close, after tumbling to 57,650 yuan per tonne during the session. US consumer confidence dropped 10.5 points in February to 46.0, according to business research firm The Conference Board. The reading was much worse...

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