Wednesday, June 27, 2007

Flight from risk weighs on base metals

(Reuters) - Investors switching to safer assets due to fears of economic slowdown weighed on industrial metals on Wednesday, but strikes at mines capped losses.

Weaker metal prices hit London-listed miners. Xstrata, BHP Billiton and Rio Tinto shed around 2.5 percent, in line with falling European shares, which tracked losses in U.S. and Asian markets.


Read more at Reuters Africa

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