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Primet Ltd.
MP Vrtojba 2-A
5290 Šempeter pri Gorici
Slovenia

phone: +386 5 33 66 070
fax: +386 5 33 66 080
e-mail: info@primet.si
Aluminij Baker Cink Kositer Nikelj Svinec

NEWS

23.10.2013
Copper Falls Most in 12 Weeks as Chinese Interest Rates Rise

Copper futures fell the most in 12 weeks after surging interest rates eroded the outlook for demand in China, the world’s biggest user of industrial metals.

The benchmark money-market rate jumped the most since July as China’s central bank refrained from adding funds to markets. Copper also slumped after the nation’s banks tripled the amount of bad loans written off in the first half and data yesterday showed employers in the U.S. hired fewer workers last month than estimated by economists.

 Any bearish news out of China signals that a slowdown may be coming,” Adam Klopfenstein, a senior market strategist at Archer Financial Services Inc. in Chicago, said in a telephone interview. “Any type of slowdown is going to be bad for metals.

More info:

http://www.businessweek.com/news/2013-10-23/copper-slumps-from-one-month-high-as-chinese-interest-rates-rise



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