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Base metals prices falter in LME pre-market as Greek euphoria wanes

February 10, 2012 - 09:54 GMT Location: London

KEYWORDS: base metals prices , copper prices , nickel prices , tin prices , LME , Greece

Base metals prices slipped during pre-market trading on Friday February 10, on the London Metal Exchange, as the initial euphoria following the austerity package announcement from Greece wore off.

It has now been reported that Greek workers have gone on strike against the agreement, and rumours have begun to circulate that the package may not have been as completely agreed as originally thought. Three-month copper prices, which climbed to $8,760 per tonne as trading closed on February 9, fell back to $8,705 as the market opened in London on Friday, with a low of...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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