LME copper soars to 2009 high on heavy fund buying

Dec 02, 2009 | 11:22 AM |

Copper jumped to a fresh 2009 high on the London Metal Exchange Wednesday, propelled by fund buying.

Three-month copper settled at $7,080 per tonne in second-ring trade, up 0.3 percent from $7,059 per tonne at the open of daily trade and nearly 1 percent higher than Tuesday's second-ring close at $7,016 per tonne.

The red-metal last traded this high on Sept. 23, 2008, when it settled the second ring at $7,091 per tonne. ....

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