4 July 2006

Copper climbs on strong fundamentals, eyes funds

Creamer Media's Mining Weekly Online, South African Mining News :: News Today: "Copper prices rose in thin trade on Tuesday, supported by a firmer tone in Shanghai futures, as investors focused on strong fundamentals and anticipated an influx of speculative funds into metals.

By 0414 GMT, London Metal Exchange copper for delivery in three months was up $95 or 1,3% at $7 370 a ton. On electronic trading platform Select, the metal had earlier traded between $7 320 and $7 475.

On Monday, copper ended down $45 at $7 275."

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