Base metal prices supported by euro rally in LME pre-market; stocks surge again

Dec 20, 2011 | 06:30 AM |

Copper and other base metal prices climbed in pre-market trading on the London Metal Exchange on Tuesday, supported by the euro’s rebound against the dollar. Three-month copper reached its intraday high of $7,370 per tonne at 10:41 GMT, up from an opening price of $7,322 per tonne. The red metal had earlier dipped to intraday lows of $7,248 per tonne but rebounded as European markets opened, with stronger-than-expected consumer confidence data from Germany providing a fillip for the euro. Finance ministers also agreed late....

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