Strong overnight buying in China pumps up Comex copper futures

Dec 26, 2007 | 02:40 PM | Sean Barry

Copper on the Comex division of the New York Mercantile Exchange edged higher on Wednesday following strong overnight buying in Shanghai, China.

Copper for March delivery on Comex settled at $3.17 a pound, up from Monday's $3.1535-a-pound wind-up.

Copper also got also a lift from an announcement that China plans to ditch import duties on copper, coal and aluminum at the beginning of next year.....

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