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Copper up 6% amid hopes of China demand

Posted on 05 March 2009

From FT: Copper led a rally for the base metals sector yesterday amid expectations that China would announce new spending plans for infrastructure and manufacturing today on top of the stimulus plans which were unveiled in November.

Copper jumped 6 per cent to $3,750 a tonne yesterday, up 22.1 per cent since the start of the year. Copper stocks at London Metal Exchange warehouses fell 4,850 tonnes yesterday and have dropped 22,000 tonnes over the past week….. Full Article: Source


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