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Material | December 21, 2006

Copper prices falling

Prices on copper are getting lower as the inventories are rising.

The copper inventories at the London Metal Exchange rose to the highest level in two years. This has resulted in falling prices on copper. Recently the price for one tonne of copper reached $6, 555 which is the lowest level since June. The inventories have had an accumulated increase of about 98 percent during the year.
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