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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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Euromoney Institutional Investor PLC.
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