Monday, April 23, 2007

Shanghai copper up 1.2 pct, LME seen rising

(Reuters) - Shanghai copper rose more than 1 percent on Tuesday, and prices were likely to remain firm due to a positive outlook for London futures, despite near-term pressure from spot sales in China.

Analysts expect copper prices to hold around $8,000 a tonne on the London Metal Exchange this week and rise further during the May holidays when Shanghai stops trading for a week.


Read more at Reuters Africa

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