Copper on the London Metal Exchange (LME) has closed slightly higher, shrugging off mixed data on the performance of China's manufacturing sector as analysts said prices have bottomed out for now.
At the close of open outcry trading in the London ring on Tuesday, the red metal was 0.2 per cent higher on the day at $US6,660 per metric ton. After heavy selling in early March, copper prices have recently shown signs of stabilisation.
The key is stabilisation. I do believe we will take an upswing from here. AVB tell us something!
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