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Copper closed down for a fourth consecutive day on Thursday, hitting its lowest in more than a week, as rising inflation pressures in top-consumer China continued to muddy shorter-term demand prospects. Copper continued to distance itself from the broader commodity complex, failing to gain ground with gold and crude oil prices, even as the US dollar weakened. COMEX May copper settled with a 1.05-cent loss at $4.2840 per lb.

Copyright Reuters, 2011

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