Copper Range-bound as China Recovery Signs Boost Confidence

  • Thursday, August 15, 2013
  • Source:

  • Keywords:Copper price outlook
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[Ferro-Alloys.com] London Metal Exchange copper price moved in a narrow range during Asian morning trading on Thursday August 15, as improving outlook towards fundamentals lent support.
 
At 03:01 London time, three-month copper was at $7,317 per tonne, after opening at $7,325 per tonne. “Copper is consolidating in a narrow range but it remains generally strong,” Yang Xiaoguang, an analyst at Jinrui Futures in Shenzhen, said.
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