Thursday, 14 April 2011

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Copper May Drop on China Credit-Tightening Concern, Survey Shows

  • Thursday, 14 April 2011
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  • Copper may fall on concern demand will weaken as China, the world's biggest consumer of the metal, tightens credit to restrain inflation, a survey showed. Twelve of 20 analysts, investors and traders surveyed by Bloomberg, or 60 percent, said prices will drop next week. Five predicted a gain and three expected little change. Copper for delivery in three months was down 4.3 percent for this week



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