Comex rise, tight stocks lift copper scrap
Dec 21, 2007 | 07:59 AM
| Sean Barry
U.S. copper scrap prices have taken a leap as copper on the Comex division of the New York Mercantile Exchange rises and supply remains tight.
Copper on Comex for March delivery broke back through the $3-a-pound barrier Friday on a weaker dollar and renewed interest following reports of Chinese demand remaining strong into next year.
The red metal was trading at $3.079 a pound in morning trade, up from Thursday's settlement at $2.9655 a pound. Copper was trading around $2.96 a pound a week earlier.....
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