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The most-active September copper contract on the Shanghai Futures Exchange ticked down 0.4 percent to close at 54,330 yuan ($8,500) a tonne on Friday. China consumes about 40 percent of the world's copper and Friday's data may push Beijing towards further monetary policy easing.
Australia and New Zealand Bank said in a note it was expecting a 25 basis point cut in China's benchmark rates in June, and is keeping its call for two more cuts in banks' reserve requirement ratio for the remainder of the year.

Copyright Reuters, 2012

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