Monday, May 14, 2007

Shanghai copper retreats on import worries

(Reuters) - Copper prices in Shanghai eased on Monday, under pressure after a 25-percent rise in copper stocks last week, but dealers said London prices could regain $8,000 a tonne on a positive technical outlook.

Shanghai July copper was at 68,880 yuan a tonne at the close, down 540 yuan from Friday. Prices earlier climbed over 1 percent before easing.


Read more at Reuters Africa

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