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Supply fears buoy longer term copper prices

Posted on 29 October 2008

From Guardian: Fears of collapsing world demand and investors’ need for cash have hammered copper but prices for delivery beyond 2010 are proving more resilient, due to lingering worries about tight supplies.

Copper futures for three-month delivery traded on Tuesday down at around $3,825 a tonne on the London Metal Exchange — more than 50 percent below the record high of $8,940 a tonne set on July 2 for the metal, which is used in power and construction….. Full Article: Source


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