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Completed his seventh consecutive fall on the London Metal Exchange.
Investors have not given a truce to the price of copper in recent days. After dropping US $ 3 a pound yesterday at the London Metal Exchange, the red metal steepened its decline and recorded its seventh day of setbacks.
According to Cochilco, the pound of copper has fallen today 0, 16% up to 2 98668 US $, its lowest value since the end of March this year
With that , the main export of the country accumulates a contraction of 3,32% in its bearish race.
The industrial metal was affected by signs of weakness in the Chinese economy, the rising dollar and fears generated by the trade war with the United States, given that the Asian giant is the main consumer of the global product.
Up to now this year, the price of metal has lost 8% of its value. After the rebound of last year, the industrial metal has been under pressure from the flow side, given the decrease in risk appetite that has affected risky badets, such as commodities, the rise of the multilateral dollar and the perception of a normalization of monetary policy in the United States more accelerated than expected.
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