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Base metals prices climb as bullish sentiment reappears in LME officials

February 08, 2012 - 13:38 GMT Location: London

KEYWORDS: tin prices , copper prices , aluminium prices , LME , officials , Greece , Indonesia

Base metals prices climbed higher during the official session on the London Metal Exchange on Wednesday February 8, as supply issues supported bullish sentiment and hopes mounted for a resolution in Greece.

Three-month copper prices settled at $8,606/07 per tonne, and climbed to a new high of $8,651 during the session. “Copper [prices]were up today for the first time in three days on a weaker dollar and expectations of a resolution in regards of the Greek bail-out plan,” an analyst said in a note. The rebound in sentiment may be tempered by the news that Chinese copper consumption could drop significantly, he added. “China’s copper consumption may halve...

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

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Aluminium

May 24, 2012 14:40 Trafigura, Ormet will explore joint investments in aluminium
May 24, 2012 13:48 Base metal prices stable in LME officials as euro plateaus
May 24, 2012 12:20 Constellium signs multi-year, $2bn supply agreement
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