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In New York, the May COMEX contract plunged 8.00 cents, or 2 percent on Thursday, to settle at $3.7655 per lb, near the bottom of its $3.7525 to $3.8570 session range. Volumes were relatively more active than they have been over the course of the month, with a little more than 58,000 lots traded in late New York business.

Copyright Reuters, 2012

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