Copper closes lower on China concerns
Copper in the US closed at their lowest close in 1-1/2-months on Thursday, as short-term demand concerns in top-consumer China weighed on sentiment.
Copper for July delivery HGN0 shed 3.60 cents, or 1 percent, to end at $3.3505 per lb on the New York Mercantile Exchange's COMEX division.
The copper close rested just above support at $3.35, with ongoing concerns about Chinese monetary tightening keeping market bulls cautious.
Chinese demand concerns reflected in growing expectations of further moves to cool China's booming property market. Bijing raised mortgage rates and down payment requirements earlier this month.
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