Investors fearing economic threats retreat from copper
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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-thirds of the world's copper. Goldman Sachs Group Inc and Societe Generale SA see little prospect of a rebound anytime soon.
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