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LME copper rebounds in 'five-minute' pre-market rally

February 08, 2010 - 10:44 GMT Location: London

KEYWORDS: copper , aluminium , tin , clementine wallop

Copper prices rose in early trading on the London Metal Exchange on Monday after heavy losses last week.

The three-month contract opened at $6,390 per tonne before rising as high as $6,475 per tonne amid short-covering and improving sentiment. The red metal traded no lower than its open and was changing hands at $6,428 per tonne at 09:59 GMT. “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...

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

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