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Copper Rises in London as China’s Demand May Gain: LME Preview
Sep 21,2011 09:52CST
industry news
Source:SMM
Copper rose in London on speculation that demand will remain robust in China, the world’s biggest metal user.

Sept. 20 (Bloomberg) –Copper rose in London on speculation that demand will remain robust in China, the world’s biggest metal user.

Market News:

Metals News:

Metals Prices:

-- Copper jumped $31.75, or 0.4 percent, to $8,395.75 a metric
ton by 8:12 a.m. on the London Metal Exchange. Relative Strength
Index 31.
-- Aluminum fell 0.2 percent to $2,335 a ton. RSI 39.
-- Zinc was up 0.5 percent at $2,109.75 a ton. RSI 39.
-- Lead climbed 0.6 percent to $2,315 a ton. RSI 40.
-- Nickel was up 0.6 percent at $21,100 a ton. RSI 44.
-- Tin gained 0.4 percent to $22,800 a ton. RSI 38.

Other markets:   
      Last          % Change    % YTD

U.S. Dollar Index     77.35            0.3     -2.1
Crude Oil            $85.64           -0.1     -6.3
Gold              $1,779.73            0.1     24.7
MSCI World Index   1,154.17           -0.2     -9.8

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
IT Industrial Orders                  -1.5%        4.1%   09:00
GE Zew Survey                         45.0        53.5    10:00
US Housing Starts                     -2.3%       -1.5%   13:30
US Building Permits                   -1.8%       -3.2%   13:30
 

copper

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