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NEW YORK Dec 7 (Reuters) - Copper extended its rally by three...

  1. Papertigger
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    08/12/10
    09:37
    Post #: 7582152
    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
    PNA Price at posting: $4.00 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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