European Austerity Worries Hurt Copper
Bloomberg reported that copper prices dropped to the lowest level seen in five weeks due to concerns that austerity measures may be shifted off course by the recent elections in France and Greece.
Bloomberg reported that copper prices dropped to the lowest level seen in five weeks due to concerns that austerity measures may be shifted off course by the recent elections in France and Greece.
S&P's European downgrades have no lasting impact on copper prices as hopes are up for China to cut interest rates and spur demand.
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