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Copper Gains First Day in Five on Chile Mine Strike: LME Preview
Jul 27,2011 10:03CST
industry news
Source:SMM
Copper climbed for the first time in five days on speculation that a strike in Chile may reduce supplies and the U.S. dollar slid.

Jul. 26 (Bloomberg) –Copper climbed for the first time in five days on speculation that a strike in Chile may reduce supplies and the U.S. dollar slid, making metals priced in the currency less expensive in terms of other currencies.

Market News:

Metals News:

Metal Prices:
-- Copper gained $135 to $9,790 a metric ton at 7:40 a.m. on the
London Metal Exchange. Relative Strength Index 63.8.
-- Aluminum advanced 0.9 percent to $2,643 a ton. RSI 63.5.
-- Zinc rose 0.8 percent to $2,489 a ton. RSI 64.5.
-- Lead gained 1.2 percent to $2,708 a ton. RSI 56.5.
-- Nickel jumped 1.5 percent to $24,149 a ton. RSI 58.9.
-- Tin advanced 0.9 percent to $28,400 a ton. RSI 65.5.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index   73.615          -0.7       -6.8
Crude oil           $99.6            0.4        9.0
Gold                $1,614.75        0.04      13.7
MSCI World Index    1,346.46         0.4        5.2

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
U.S. Consumer Confidence      JUL       56.0      58.5     15:00
Richmond Fed Manufact. Index  JUL          5         3     15:00
U.S. New Home Sales           JUN       320K      319K     15:00
 

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