EU crisis causes drop in metal prices as Iran tensions drive oil prices up

Posted on 19 Feb 2012 by Tim Brown
Base metal prices traded lower last week driven down, according to ForexPros, by continued uncertainty over the Euro Zone debt crisis, while crude oil prices increased due to the tensions with Iran. Copper declined around 0.2% on the London Metal Exchange (LME) as well as on the Multi Commodity Exchange (MCX) on Thursday. A sharp…

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