US copper lower

22 Jul, 2011

Copper posted its first down day in four sessions on Wednesday, as lingering debt uncertainties on both sides of the Atlantic and questions about near-term demand prospects threw some cold water on a recent rally. In New York, the key September COMEX contract fell 3.20 cents to settle at $4.4360 per lb, also down about 4 percent from its own record near $4.63.

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