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Copper prices to soften

Barclays analysts have warned investors not to get too excited about recent strength in the copper price, which they said is likely to fall away as pressure on stock levels eases.

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Inventories having been growing within the LME, which will put pressure on prices

Copper moved almost 5% higher to more than US$5,900 per tonne ($2.68 per pound) over June in response to "tight inventory conditions", according to a note published by the bank this week.

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