Bloomberg.com: Latin America: "May 19 (Bloomberg) -- Copper in London headed for its first weekly decline in ten weeks on speculation U.S. interest rates may rise, making dollar-denominated metals more expensive for holders of euros and other currencies.
Copper for delivery in three months on the London Metal Exchange rose $5, or 0.1 percent, to $8,095 a metric ton as of 8:08 a.m. local time. A close at the level would mean a 4.3 percent weekly decline.
Copper has risen 84 percent this year, and traded at a record $8,800 a ton on May 11.May 19 (Bloomberg) -- Copper in London headed for its first weekly decline in ten weeks on speculation U.S. interest rates may rise, making dollar-denominated metals more expensive for holders of euros and other currencies.
Copper for delivery in three months on the London Metal Exchange rose $5, or 0.1 percent, to $8,095 a metric ton as of 8:08 a.m. local time. A close at the level would mean a 4.3 percent weekly decline.
Copper has risen 84 percent this year, and traded at a record $8,800 a ton on May 11."
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