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Sliding equities trigger decline in copper prices

China Daily | Updated: 2009-08-20 08:05

Copper prices fell yesterday, with Shanghai futures shedding more than 3 percent and London down by 2 percent under pressure from a slide in Chinese equities.

Traders said a rapid 4-percent slide in the Shanghai composite stock index to a two-month closing low dragged Shanghai metals in their wake.

Shanghai copper fell 3.3 percent to end at 46,560 yuan a ton, after touching 46,000 yuan.

Sliding equities trigger decline in copper prices

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