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Copper rises for fourth day on speculation about China’s demand

Posted on 27 February 2009

From Bloomberg: Copper rose for a fourth day on the London Metal Exchange on speculation that purchases in China, the world’s biggest buyer, will erode global supplies. Aluminum and tin also extended gains while zinc declined.

Copper inventories monitored by the LME fell to 545,475 metric tons, an exchange report today showed. The amount of copper scheduled to be taken out of warehouses, known as canceled warrants, jumped to the highest in a year. …. Full Article: Source


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