Copper prices are extending decline for the fourth straight day on Thursday despite a continued fall in copper inventories. US-China geo-political tensions also kept a lid on riskier assets since last couple of days. COMEX copper futures are trading lower by 0.50% at $3.46 per pound. Meanwhile, US business activity declines for first time in over two years amid. US S&P Global Services PMI for July dropped to 47.3, marking the first contraction in two years, from 52.7 in June. The Composite PMI fell to 47.7 in July from 52.3 in June. Powered by Commodity Insights
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