Zambia: Copper Prices Edge Up By 0.2 Percent

COPPER edged up yesterday supported by a strike threat at the Grasberg copper mine in Indonesia and news of lower output from Chile, but gains were reined in by weak economic data that fanned fears of a global economic slowdown.

Three-month copper on the London Metal Exchange (LME) edged up 0.2 per cent to US$9,180.25 a tonne after rising 0.9 per cent in the previous session. It is on track for a monthly fall of 6.4 per cent, its largest since May 2010.

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