Wednesday, May 16, 2007

LME metals prices dragged down by Shanghai

(Reuters) - Base metal prices fell in early London Metal Exchange business on Wednesday, dragged down by a fall on the Shanghai market overnight.

Copper, the benchmark for the metals markets and a key indicator of economic growth in general, was down $75 at $7,680/7,700 per tonne by 0948 GMT after a large rise in copper imports by China in the first quarter undermined Shanghai prices.


Read more at Reuters Africa

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