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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

A cool 2012 for copper: Up 6.1pct

Posted on 02 January 2013

Copper ended the year on a strong note Monday, settling at the highest price in almost two weeks on hopes that upbeat Chinese industrial data and last-minute U.S. talks to avert the fiscal cliff pointed to higher demand for the industrial metal in 2013.
The front-month copper contract for January delivery rose 6.35 cents, or 1.8%, to settle at $3.6410 a pound on the Comex division of the New York Mercantile Exchange, the highest settlement since Dec. 17. The most actively traded copper contract, for March delivery, rose 6.3 cents, or 1.8%, to settle at $3.6525 a pound………………………………………..Full Article: Source


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