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METALS-Copper prices hit 3-week highs on China stimulus

Copper prices touched three-week highs on Monday as top consumer China lowered a key interest rate to cushion the impact from the coronavirus outbreak. China's central bank lowered the rate on 200 billion yuan worth of one-year medium-term lending facility (MLF) loans. The bank said on Saturday Chinese lenders will tolerate a higher level of bad loans to support firms hit by the epidemic, which has killed over 1,700 peo

[ reuters.com ] companyNews,
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