Thursday, May 3, 2007

LME copper near $8,000/tonne, data, strike support

(Reuters) - Copper prices firmed on Wednesday, flirting with $8,000 a tonnes, with sentiment supported by positive data, threats to supply and the possibility investors may use a week-long holiday in China to drive prices higher.

Copper for delivery in three months on the London Metal Exchange was at $7,965 a tonne at 0354 GMT, up $15 from the previous close, when it peaked at $8,030.


Read more at Reuters Africa

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