SMM Morning Review - 2010/2/12 Copper Market

Feb 12, 2010 11:00

SHANGHAI, Feb. 12 (SMM) -- Leaders from EU committed to launch aid program to resume debt crisis in Greece, and LME copper prices rebounded significantly, and almost touched USD 7,000/mt, with highest level at USD 6,961/mt and closing at USD 6,950/mt , up by USD 360/mt. LEM copper prices soared before the Chinese New Year Holiday, but EU didn't release any specific plan for the aid program, which will limited ring room for copper prices. In this context, copper prices may experience corrections.

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SMM Morning Review - 2010/2/12 Copper Market

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