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Copper up over 5% as sentiment lifts

Posted on 19 January 2009

From Theage.com: Copper surged more than five per cent on Friday as sentiment improved after news of a US government bailout of Bank of America, but demand worries persisted and poor US data pointed to weak demand.

World stocks rallied from the previous day’s one-month low as Bank of America will receive another $20 billion in US government cash and a guarantee against almost $100 billion of potential losses on toxic assets after its acquisition of Merrill Lynch….. Full Article: Source


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