Bloomberg News

Copper Seen Dropping on China Growth Concern: LME Preview

August 06, 2012

Copper may decline in London, extending last week’s drop, amid concern that slowing economic growth in China, the world’s biggest consumer, may crimp demand.

Market News:

Metals News:

Metal Prices:

-- Copper fell 0.2 percent to $7,428 a metric ton by 7:31
a.m. on the London Metal Exchange. Relative Strength Index 45.
-- Aluminum was unchanged at $1,860 a ton. RSI 42.
-- Zinc declined 0.2 percent to $1,837 a ton. RSI 48.
-- Lead fell 0.1 percent to $1,892.75 a ton. RSI 50.
-- Nickel gained 0.3 percent to $15,650 a ton. RSI 44.
-- Tin dropped 0.3 percent to $17,840 a ton. RSI 42.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   82.384            0.0            2.8
Crude oil           $91.20           -0.2           -7.7
Gold                $1,606.52         0.2            2.7
MSCI World Index    1,263.26          0.3            6.8


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
EC Sentix Investor Confidence   AUG   -31.0      -29.6     9:30





To contact the reporter on this story:
Maria Kolesnikova in London at 
mkolesnikova@bloomberg.net

To contact the editor responsible for this story:
Claudia Carpenter at 
ccarpenter2@bloomberg.net




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