Thursday, May 17, 2007

Shanghai copper, zinc limit down on oversupply

(Reuters) - Shanghai copper and zinc fell by their 4-percent daily limits on Thursday, weighed down by losses in London futures, and signs that China may be oversupplied with the metals.

Shanghai August copper was 64,290 yuan a tonne at the close, down 2,680 yuan from Wednesday's settlement. July zinc in Shanghai closed down 1,275 yuan at 30,520 yuan.


Read more at Reuters Africa

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