BLBG:Copper Dips to Lowest in Three Months on Concern Global Recovery to Stall
Copper in London dropped to the lowest level in almost three months on concern that the cut in the U.S. credit rating by Standard & Poor’s will curb the global economic recovery.
Metal for three-month delivery on the London Metal Exchange fell as much as 1.4 percent to $8,661 a metric ton, the lowest level since May 12. Aluminum gained as much as 0.2 percent to $2,389 a ton amid concern supplies will continue to tighten in China, the largest user.
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