Base metals prices slump as China shuns large stimulus package

May 30, 2012 | 03:48 AM |

Base metals prices took a dive on the Shanghai Futures Exchange on Wednesday May 30, after news that China has ruled out a stimulus on the scale of its 2008 plan. SHFE September copper settled at 55,350 yuan ($8,731) per tonne, down 590 yuan from Tuesday. Trading volume rose 9% to 593,484 lots on the....

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