LME ASIAN WRAP: China RRR cuts fails to lift copper price
May 13, 2012 | 10:50 PM
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The London Metal Exchange copper price slid to a four-week low in early Asian trading on Monday May 14, as market participants dismissed a potential boost from a cut in Chinese banks’ reserve requirement ratio (RRR).
Three-month copper stood at $7,966 per tonne at 03:00 London time, down $77 from its opening price. The red metal dropped to as low as $7,943.25 per tonne, the....
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