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Copper’s slide tempered by reconstruction talk

Posted on 16 March 2011

From Dow Jones: Copper prices avoided the brunt of Tuesday’s commodity selloff, as traders looked beyond the imminent nuclear-reactor crisis to Japan’s reconstruction. “Copper is the first thing they’ll need to come back and rebuild,” said Charles Nedoss, senior market strategist at Olympus Futures.
May copper, which has the biggest number of contracts outstanding, ended 1.2% lower at $4.1370 a pound. Thinly traded March copper also fell by 1.2%, settling down 4.85 cents to $4.1250 a pound on the Comex division of the


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