LME pre-market copper prices up on strong euro, backwardations persist

Apr 26, 2012 | 05:04 AM |

Copper prices opened higher again during pre-market trading on the London Metal Exchange on Thursday April 26, as consensus grows among traders over the persistence of the wide backwardations witnessed in recent days. Three-month prices for the red metal opened London trading at $8,209.75 per tonne, with a high during the session of $8,265. “The backwardations eased off a bit yesterday, and it’s steady this morning, but from what I....

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