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Copper slips to new 6-1/2 year low on global growth worries
Imaduddin
14 Jan, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/01/copper-jan.jpg">LONDON: Copper hit fresh 6-1/2-year lows on Thursday on concerns a spike lower in the oil price foreshadowed weaker global economic growth, though a recovery in Chinese shares helped limit losses.</P><P>Declining oil prices reduce costs for mining companies, allowing them to continue to produce at lower metals prices, potentially creating surpluses.</P><P>Brent crude slid to a new 12-year low on Thursday as the prospect of more oil supplies from Iran loomed, although the price later steadied.</P><P>)
