RBM redbank mines limited

copper will hold

  1. 629 Posts.
    0536 GMT [Dow Jones] With LME base metals market quiet in Asia due to absence of China
    players, most action this week to occur in London, but even there trade will be thin,
    says HK-based trader; "with the Chinese out the funds won't have anyone to play
    against." Tips most metals to range-trade with upside bias, possible support coming
    from strike by mining workers in Peru (though no impact so far); pegs copper to range
    $7,650-$8,000. LME 3-month copper last at $7,655/ton, down $5 vs London PM kerb; aluminum
    down $10 at $2,860; zinc off $1 at $3,755. (MWL)

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