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LME ASIAN WRAP: Copper prices down amid sustained correction
June 25, 2014 - 06:05 GMT
London Metal Exchange
London Metal Exchange copper prices slid in early Asian trading on Wednesday June 25 amid a sustained downward correction following recent gains.
At 03:28 London time, three-month copper traded at $6,871
per tonne, down $3.75 from its opening price of $6,874.75 per
tonne. "Copper prices are correcting after recent gains, it may
face some pressures to pick up in the near term," Yang
Xiaoguang, metal analyst of Jinrui Futures in Shenzhen, said.
Three-month copper on the London Metal Exchange recorded a
total gain of 1.9% last week. Meanwhile, reports on Tuesday
that sales of...
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