US Copper Drops 2% at Open

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Wed, Oct 1, 2008
Copper Market News
Post by Mike Rodger, Copper Reporter

While waiting for news on the US financial bailout package copper has dropped another 2 percentage points.

 Copper prices caught in a spiral of U.S. dollar strength, spreading economic slowdown, and long liquidation – analysts.

Read the article here.

A strike at Xstrata’s Kidd operations will impact copper cathode production.  The London Metal Exchange (LME) warehouse stocks have risen by 450 tonnes and the Shanghai markets are closed for a week-long holiday.

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