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The red metal price edged down 0.06% on Friday, marking its fifth consecutive decline.
Bad news for our coffers. The price of copper continues to fall before the fears generated by the trade war between the United States and China.
Merchandise fell today by 0.06% and was quoted at US $ 3.01458 per pound on the Mexican Metals Exchange. London, it's its fifth consecutive drop, which has accumulated a weekly decline of 2.42%.
With this result, it remains at its minimum value since April 4, when it was traded at US $ 3.50505
In half-yearly terms, copper lost much ground, dropping by 7, 1%.
Only this month, copper recorded only five hikes and 15 falls. The month started at levels of US $ 3.22 and ended on the verge of falling from the psychological support of US $ 3 per pound.
Meanwhile, the three-month price fell 0.03% at a US price. $ 3,01412. In addition, inventories fell by 1.25% to 294,525 metric tons
The red metal was damaged by fears of trade war and how that would affect the demand for the metal by its largest consumer: China. 19659003]
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