Comex copper rebounds in thin holiday market

Dec 26, 2006 | 10:58 AM | Sean Barry

Copper on the Comex division of the New York Mercantile Exchange rebounded Tuesday as a recent softening in prices sparked renewed buying interest.

Thin market conditions were reported, with only 1,000 lots traded in the morning session as Europe remained on holiday and funds continued to sit on the sidelines after a bumper year, traders said.

Copper for March delivery settled the day at $2.878 a pound, up 2.4 cents from Friday's close at $2.854 a pound.....

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