US copper lower

21 May, 2011

Copper ended lower on Thursday, unable to build on the previous session's sharp rally, as investors sided with caution after another round of weak data suggested the US economic recovery could be stalling. In New York, the COMEX July contract fell 5.25 cents to settle at $4.0525 per lb. On Wednesday, prices of the metal rallied some 3 percent in their biggest daily gain since March 17.

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