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Cu fails to hold on to earlier gains in LME officials

February 08, 2010 - 13:58 GMT Location: London

KEYWORDS: copper , aluminium , nickel , LME

Copper prices eased in the official session on the London Metal Exchange on Monday after sentiment proved too weak to hold on to earlier gains

Three-month copper settled at $6,346/46.5 per tonne, down from its opening price of $6,390 per tonne. “Copper seemed to build a base at $6,250 on Friday. This morning we opened at $6,390 and the next trade was $6,400 [plus],” said a category II trader. “I wouldn’t call it bargain hunting – the reason it’s higher is the better-than-expected US numbers on Friday and the higher...

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