US MIDDAY: copper slides

24 May, 2011

Copper dived 3 percent on Monday, its biggest one-day loss in nearly two weeks, as slowing manufacturing growth in China and a mounting debt crisis in Europe rattled commodity investors. In New York, the July COMEX contract sank 13.00 cents to settle at $3.99015 per lb, after dealing between $3.9505 and $4.1105.

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