Copper prices up in LME officials on positive US data

Dec 30, 2011 | 09:13 AM |

Copper prices rose during official trading on the London Metal Exchange on Friday December 30, buoyed by better-than-expected US housing market data. Three-month copper settled at $7,568/70 per tonne, up $90 on its opening price. It had traded to a high of $7,581 per tonne before 13.00 GMT. Stocks of copper rose 500 tonnes overnight in LME-listed warehouses, to 370,900 tonnes. “Pending home sales [in the USA] grew by 7.3% month-on-month in November. The dollar also eased off [on Thursday],....

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