Thursday, May 17, 2007

China worries drag down base metals

(Reuters) - Industrial metals prices fell on Thursday, with copper dropping to a six-week low and dragging down the whole market on signs of oversupply in China, the world's top consumer of metals.

Copper for three months delivery on the London Metal Exchange touched $7,260 a tonne, its lowest since April 4, before bouncing back to $7,380 in the official session, still down by 3 percent or $230 from Wednesday.


Read more at Reuters Africa

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