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Please correct me if I am wrong.Copper Price was US$3.74/Ib on...

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    Please correct me if I am wrong.

    Copper Price was US$3.74/Ib on the NYMEX last night

    31,800 tonnes = 31800000 kg = 70106999 Pounds

    1.0Kg = 2.2 Pounds

    USD $3.74 x 70106999 Pounds = USD $262M

 
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