ZOID RESEARCH 13-JUNE-2014 : COPPER

Copper fell to the lowest in six weeks in New York amid concern that use of the metal as collateral will slow amid an investigation into warehousing at China’s Qingdao port. Unnamed “large” Chinese smelter agrees to 3.5% cut in treatment, refining charges for copper concentrate shipments in 2H, Reuters reports, citing 2 unnamed people. 2H TC/RC at $95.5/mt, 9.55 cents/lb

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