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09-May2011

Copper Sees Just A Few Rescue After Drifting To 5 Month Lows

Copper rates restored to some level Monday after shifting to the minimum levels in close to 5 month on Friday, as better than forecasted US jobs data increased trader emotions. The reddish metallic costs also gotten a good start from the decline in American dollar that made the greenback denominated item more desirable to owners of some other currencies.

Copper for 3 month supply on the LME superior by 0.6% to $8,875 a tonne just after impacting its minimum of $8,657.50 a tonne since December 3, in the last session.

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