1038 GMT [Dow Jones]–Copper futures are lower on the London Metal Exchange, trading down 0.2% at $5,760/ton, as Chinese equity markets fell and risk-averse investors rushed for the exit due to the continuing Greek debt crisis. However, analysts think the red metal’s strong supply and demand picture prevented further losses. “Actually, I would say copper in particular has defended its ground exceptionally well given the very, very weak equity markets in China this morning,” says Daniel Briesemann, a commodities analyst at Commerzbank.

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