ZOID RESEARCH 13-AUGUST-2014 : COPPER

LME copper prices declined by 0.6 percent on Tuesday as disappointing German data stoked concerns that growth is slowing in Europe's largest economy. The data exacerbated investor worries about whether the euro zone's slow pace of recovery will hurt demand for copper, a metal that is widely used in manufacturing. Also, falling demand in the northern hemisphere summer season and more supply coming on stream as major smelters in China and South Korea restart after maintenance is exerting downside pressure on prices. 

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