Copper prices slump in LME pre-market on weak risk appetite after eurozone elections

May 08, 2012 | 05:33 AM |

Copper prices on the London Metal Exchange slumped during European trading on Tuesday May 8 with risk appetite remaining fragile after national elections in France and Greece over the weekend. Three-month copper traded at $8,145 per tonne at 10:13 BST, down from an opening price of $8,247.5 per tonne, in the first day of trading on the LME since the elections, which brought narrow victories for François Hollande in France and the New Democracy Party in Greece. Both votes have been viewed as a public backlash against the austerity drive seen across the....

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