Copper drops as China's manufacturing sector contracts

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Source: Bloomberg
© Scanpix/RS
Copper decreased alongside with other industrial metals on Thursday after a report showed that manufacturing sector in the world's largest metal consumer, China, contracted for the first time in seven months in May. Copper for August delivery slipped 2.7% to $7,276.25 a metric ton on the London Metal Exchange and was traded at $7,310 as of 11:47 a.m. Seoul time.

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