Friday, June 1, 2007

LME copper rises above $7,500/t on lower inventory

(Reuters) - Copper gained more than 2 percent and rose above the key $7,500 a tonne level on Friday, after stocks in Shanghai warehouses showed a drop, traders said.

By 0710 GMT copper for three-months delivery on the London Metal Exchange was at $7,480 a tonne, up $110 from Thursday and after rising as high as $7,528.75.


Read more at Reuters Africa

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