Copper up in LME officials, bucking base metals trend

Jun 15, 2012 | 11:10 AM |

London Metal Exchange copper climbed today on expectations of tightness. After opening the session at $7,438.5, the three-month official copper contract settled at $7,515/7515.5 per tonne, as speculation grew that policy makers around the globe would increase stimulus measures. A statement by Xstrata’s head of copper forecasting the red metal to remain tight and demand from China to remain strong also served to support the....

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