Posted AT 6:29 PM EDT on 08/05/08
Copper prices slip to one-week low
LONDON Copper prices fell to a one-week low on Thursday as Chinese buyers were sidelined expecting lower prices and a firm U.S. dollar weighed on sentiment.
Analysts said supply disruption risks and low inventory levels supported prices, but the metal lacked fresh impetus to climb higher as China still shied away from the market.
Copper for delivery in three months fell as low as $8,260 (U.S.
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