INSUBCONTINENT EXCLUSIVE:
global economic growth.
The red metal for delivery in three months fell 4 percent to settle at $5,801 a metric ton at 5:52 p.m
Wednesday on the London Metal Exchange
Copper has posted four straight daily losses, dropping to the lowest in more than a year.
Losses on Wednesday were triggered by a broad
retreat in China as the yuan weakened and recent data showed the economy hit a rough patch
Markets in New York, said by telephone
complex."
Copper prices were also hit by easing supply concerns
a strike that threatened to disrupt supply at a time of shrinking stockpiles.
Comex copper also fell into a bear market on Wednesday
Futures for September delivery declined 4.5 percent to settle at $2.56 a pound in New York
percent, the most in more than three years.
