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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (923)	11/9/2001 1:16:09 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Copper rallies on production cut news Gold futures prices, metals stocks make modest moves marketwatch.com By Myra P. Saefong, CBS.MarketWatch.com Last Update: 12:35 PM ET Nov. 9, 2001 NEW YORK (CBS.MW) -- Copper prices rallied to a more than two-week high Friday on the heels fresh news on production cuts, while gold futures inched a bit higher Friday and shares of most metals companies posted minor gains. December copper traded up 2.4 cents, or 4 percent, at 63.9 cents a pound Friday following news that major producers have cut or plan to cut production because of a recent weakness in prices. The contract rose above 64 cents earlier in the session for the first time since Oct. 23. Chile's state-owned producer Codelco said Friday that it would revise downward its production target for 2002 due to depressed prices but wouldn't make a definitive decision until December, according to Dow Jones. On Thursday, Reuters reported that Anglo-Australian producer BHP Billiton (BHP: news, chart, profile) would cut production by 170,000 metric tons a year.