Friday, May 25, 2007

Copper bounces but prospects seen weak

(Reuters) - Copper prices bounced on Friday helped by a fall in inventories, but analysts think the overall trend of rising stocks is intact and that lower demand over coming months could pressure prices down further.

Copper for three-month delivery on the London Metal Exchange was bid up at $7,119 a tonne in the official rings from $7,000 on Thursday, when it fell to an eight-week low of $6,952.


Read more at Reuters Africa

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