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LME ASIAN WRAP: Copper gains curbed on record US jobless rate

July 03, 2009 - 04:57 GMT Location: Shanghai

KEYWORDS: copper , lme

LME copper rose in early Asian trading as lower prices attracted fresh buying but gains were curbed as US unemployment hit a 26-year high.

Three-month copper traded as high as $5060 per tonne at GMT 0422, up $40 per tonne from Wednesday's officials, recovering from a low of $4,980 per tonne. "The market is disappointed that the economic pick-up in the US may be slower than expected," said a trader...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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