Copper lingers near two-week low

COMEX Copper stayed weak and hovered around a two-week low today as markets eyed tepid Chinese data. Lax equities due to Middle-east worries also capped Copper and the red metal currently trades at $4.80 per pound, down 0.20% on the day. China?s industrial production grew 5.8% year-on-year in May, government data showed on Monday, falling from the 6.1% rise seen in the prior month. Falling LME Copper inventories are keeping down side limited for the red metal.

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