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Base metals prices fall in LME officials on renewed Greek woes

February 10, 2012 - 13:50 GMT Location: London

KEYWORDS: base metals prices , copper prices , aluminium prices , zinc prices , LME , officials , Greece

Base metals prices dipped again during official trading on the London Metal Exchange on Friday, February 10, as rumours emerged that the Greek austerity agreement may yet fail.

Clashes have reportedly erupted in Athens over the deal, as opposition turned violent. Copper prices fell to $8,605.50/06 per tonne, basis three months, after opening at $8,705 per tonne, and reached a new low for the day $8,466.25 per tonne. Chinese imports of unwrought copper and products were down in January to 413,964 tonnes, from a record 508,942 tonnes in December, an analyst said in a note. But some supportive news also emerged as mined copper...

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

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Lead & Zinc

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Comment & analysis

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