LME copper prices slip in official trading on US jobs concerns

May 02, 2012 | 09:24 AM |

Copper prices slipped in official trading on the London Metal Exchange on Wednesday May 2 after data indicated a slowdown in US employment growth. Preliminary data from ADP Employer Services showed 119,000 jobs were added in April, below expectations and down from 201,000 in the previous month. The data comes ahead of official non-farm employment numbers due out on Friday. Three-month copper prices settled at $8,328/29 per tonne, down from $8,376/77 per tonne a day earlier. The contract posted an....

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