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Copper rises on stock draw-downs

Posted on 04 March 2009

From Theglobeandmail.com: Copper bounced up nearly 5 per cent Tuesday after four days of heavy inventory draw-downs, but analysts said the demand outlook was still grim, with the global economy in turmoil.

Copper for three months delivery on the London Metal Exchange closed at $3,539 (U.S.), up from Monday’s close of $3,385 when it posted a 1.8 per cent fall. The contract firmed to a three-week high at $3,580 a tonne in after-hours trade….. Full Article: Source


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