LME copper prices hit new record highNovember 30, 2005 -...

LME copper prices hit new record high

November 30, 2005 - 12:40PM
London Metal Exchange (LME) copper prices hit a new record high on fund buying, which also pushed lead to a fresh record high and zinc and aluminium to their highest in more than a decade, dealers said.

Three-months copper prices ended at $US4,233 a tonne, up $US22 from Monday's close but $US24 off an earlier all-time high.

Copper prices have persistently bounced off any dips, indicating more gains in a market that has risen by more than 30 per cent since July, dealers said.

Edgy sentiment about a possible delivery against a potential large short position had also cemented positive sentiment.
Source: 2005 AAP

Don't forget Silver at $8.31 an ounce.