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MARKET TALK: LME Copper Up, Strong China Demand Eyed

Friday, Feb 09, 2007
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LME 3-month copper nudges higher during Asian hours Friday, boosted by higher overnight prices, firm view of strong Chinese demand after Lunar New Year, says Singapore-based trader; "We had some profit-taking on copper, but after Chinese New Year I expect prices to rise pretty strongly," trader says. LME 3-month copper is at $5,445/ton, up $30 on Thursday PM kerb.

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