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Investors fearing economic threats retreat from copper

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Speculators increased their net-short positions in copper by 18 per cent to 25,009 futures and options in the week ended July 7, Commodity Futures Trading Commission data show.

New York

INVESTORS are hastening their retreat from copper, unnerved by the threats to global economic growth.

The metal slumped to a six-year low last week as Greece's efforts to reach a deal with creditors stumbled and Chinese equities plunged. Europe and China consume about two-