Financial Times FT.com

Copper retreats as focus falls on Indonesia mine

By Chris Flood

Published: April 19 2007 12:06 | Last updated: April 19 2007 20:40

Base metals displayed resilience Thursday in spite of concerns that China might be forced to raise interest rates to cool rapid growth in its economy.

Copper retreated 2 per cent to $7,825 a tonne in London trading. In Shanghai copper had fallen 4 per cent, the maximum daily move allowed.

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