Tuesday, September 16, 2008
UPDATE
MARKET UPDATE AT 6 PM , SEPTEMBER 16
Copper hit an eight-month low onTuesday as investors worried
global financial turmoil would cutdemand, while aluminium fell
on a big jump in LME stocks.
Copper for delivery in three months MCU3 on the LondonMetal Exchange
was down at $6,795 a tonne at mid-session versus$6,930 at the close on
Monday, when it shed 2.7 percent. It hit a fresh eight-month low in early
trade at $6,720 --
the lowest since January 22.
Copper hit an eight-month low onTuesday as investors worried
global financial turmoil would cutdemand, while aluminium fell
on a big jump in LME stocks.
Copper for delivery in three months MCU3 on the LondonMetal Exchange
was down at $6,795 a tonne at mid-session versus$6,930 at the close on
Monday, when it shed 2.7 percent. It hit a fresh eight-month low in early
trade at $6,720 --
the lowest since January 22.
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