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Short covering purchases revive copper

Thursday, August 14, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News Copper joined the pack in the mid-week revival of base metal prices. On Tuesday, the red metal hit a 6-month low of $7,150 a tonne with the frenzied sell off of commodities. However, profit-taking since then on short covering purchases, and higher oil has turned the price [...]

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