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Copper prices lower

NEW YORK: COMEX copper was lower at midday in low volume trading, with a closed LME ruling out arbitrage.

At 1236 EDT December was at 135.30 cents a lb, down 0.40 cent, traded 135.60 to 134.80 cents. The September to December backwardation spread was over 1.60 cents.

Trading was expected to continue in a narrow range.-Reuter