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11-May2011

Copper Stretches Uptrend; China Inflation Details Eyed

Copper prices expanded the uptrend for 3 rd right period on Tuesday, continuously retrieving from a large item sell-off last week that drawn it to 5 month lower levels, as much better than anticipated financial records from the metal`s best 2 main customers China and US raised emotions. The benefit in red material costs was given as traders stayed on the side lines in front of major customer China`s inflation records that is planned to be declared on Wednesday that will provide ideas on additional financial securing in China.

Copper commodity for July supply enhanced 2.55 cents to stay at $4.0420 a lb on the Comex materials section of the NYME . Copper for 3 month supply on LME obtained by $20 to $8,910 a tonne

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