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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LoneClone who wrote (63909)3/3/2009 6:18:56 PM
From: tyc:>   of 78419
 
More on Copper today (from Kitco);

metalmarkets.org.uk

Tuesday, March 3, 2009

Copper up on inventories decline

by Elaine Frei

Copper prices were higher Tuesday after inventories in London Metal Exchange warehouses fell again and as the dollar remained relatively weak.

Additionally, there was speculation that as much as a quarter of LME copper inventories - between 100,000 and 150,000 tonnes of the metal - could be bought up by China in the next three months.

May copper was up 9 cents to $1.60 per pound in New York, while in afternoon trade in London three-month copper gained $115 to $3,500 per tonne after LME-monitored warehouses dropped 5,800 tonnes of the metal used in construction and manufacturing
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