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LME – Copper Prices Slip

LME - Copper Prices Slip

London copper slipped on Friday, and was set for its biggest weekly loss in two months, on worries about the global economy while traders waited for China’s trade data over the weekend to gauge the economic health of the world’s top metals consumer.
Three-month copper on the London Metal Exchange edged down 0.5 percent to $8,196.25 a tonne by 0703 GMT, reversing small gains in the previous session when prices rebounded after hitting their lowest in two weeks at $8,105 a tonne.
Prices are set to fall for the third week out of the past four since their rallied in early September, when the U.S. Federal Reserve and the European Central Bank announced easing measures. But for now, analysts said prices will likely see-saw within a tight range in the near term.



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