| In her latest edition of the Scotiabank Commodity Price Index, economist Patricia Mohr noted base metals rallied strongly in January, with copper as the star performer. Chinese imports of copper surged to a record high in December helping prompt hedge funds to switch to a net long position in copper, after shorting the market last September, Mohr observed.
"LME copper climbed as high as US$3.91 on January 27-yielding an exceptional profit margin over average world breakeven costs; prices had fallen as low as US$3.08 in early October," she said...............................................Full Article: Source
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