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المشهد العربي
Copper drops to three-week low
Copper prices fell to their lowest level in over three weeks, reaching $13,926 per ton. The decline was influenced by a 20% increase in warehouse stocks on the London Metal Exchange since mid-August, along with concerns about an economic growth slowdown due to rising oil prices and a strengthening dollar. Consequently, the metal's futures contracts stabilized around $14,024, with slight gains. The decline reflects decreased demand and increased inventory levels, and it is expected that prices will continue to be affected by global economic conditions and market developments.
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