NEW YORK Dec 7 (Reuters) - Copper extended its rally by three percent to a record peak in New York futures trade Tuesday morning, as expectations of improved demand in 2011 and a dwindling supply base powered prices.
Copper for March delivery HGH1 shot up 12.35 cents, or 3 percent, to $4.1315 per lb by 8:51 a.m. EST (1351 GMT) on the COMEX metals division of the New York Mercantile Exchange, a record high for the fourth-position contract. (Reporting by Chris Kelly; Editing by John Picinich
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