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MARKET TALK: LME Copper Targets $7,000/Ton, Strong Demand

Wednesday, Mar 21, 2007
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LME copper on track to hit $7,000/ton target during 2Q "strong demand season", technical indicators pointing higher should prices get through resistance at $6,700, says analyst. Strong demand tipped to continue into 3Q, Tuesday's U.S. housing starts data also positive. LME 3-month copper trades at $6,605, down $38 on Tuesday PM kerb.

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