US MIDDAY: copper plummets

02 Aug, 2011

Copper posted its biggest one-day loss in two months on Monday, as the dollar rose and demand prospects dimmed after data showed a deceleration in manufacturing growth in emerging and developed economies alike last month. In New York, the key September COMEX contract settled at $4.41 per lb, down 6.95 cents or 1.55 percent on the day.

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