Copper in London Rebounds on Demand, Supply Outlook -Shanghai Metals Market

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Copper in London Rebounds on Demand, Supply Outlook

Industry News 09:35:34AM Dec 15, 2010 Source:SMM

Dec. 15 (Bloomberg) -- Copper rebounded in London on expectation supply will lag behind demand as the global economy extends a recovery. Futures pared losses in Shanghai and New York.

The metal for three-month delivery on the London Metal Exchange rose as much as 0.4 percent to $9,205.75 a metric ton, and traded at $9,200 by 9:05 a.m. Singapore time. Copper reached a record $9,267.50 a ton yesterday, before erasing gains on concern China will step up measures to curb inflation.

March-delivery copper on the Shanghai Futures Exchange gained 0.2 percent to 68,910 yuan a ton, after falling as much as 0.3 percent earlier. Futures on the Comex in New York were little changed after dropping 0.4 percent earlier.

 

 

 

 

Copper in London Rebounds on Demand, Supply Outlook

Industry News 09:35:34AM Dec 15, 2010 Source:SMM

Dec. 15 (Bloomberg) -- Copper rebounded in London on expectation supply will lag behind demand as the global economy extends a recovery. Futures pared losses in Shanghai and New York.

The metal for three-month delivery on the London Metal Exchange rose as much as 0.4 percent to $9,205.75 a metric ton, and traded at $9,200 by 9:05 a.m. Singapore time. Copper reached a record $9,267.50 a ton yesterday, before erasing gains on concern China will step up measures to curb inflation.

March-delivery copper on the Shanghai Futures Exchange gained 0.2 percent to 68,910 yuan a ton, after falling as much as 0.3 percent earlier. Futures on the Comex in New York were little changed after dropping 0.4 percent earlier.