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The FTSE 100 got whacked by metal

Aug 18, 2015, 21:07 IST

Copper is at a 6 year low.Sascha Schuermann/Getty Images

The FTSE 100 just closed in London down 14.34 points, or 0.22% at 6535.96.

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It's not a big fall - it's August after all - but the reason behind the fall is metal. Concerns about Chinese demand sent copper prices tanking to a 6 year low, while other metals also dived.

That hit miners - Chilean copper giant Antofagasta was the biggest faller down 2%; Anglo American fell by 1.7%; Fresnillo was 1.7% lower; and BHP Billiton slipped 1.8%.

Another plunge for Chinese stock markets overnight didn't help the mood either.

Surprisingly, there was one miner at the other end of the share index. Glencore was the day's biggest riser, up 3.5%, rebounding from all-time lows recorded yesterday ahead of half-year results tomorrow.

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