Copper prices up strongly, over one percent tonight, which might make tomorrow mornings trading very interesting if the copper price/s hold.
Cheers Aussie
Copper rises in LME pre-market as Glasenberg talks up fundamentals May 25, 2011 - 10:50 GMT Location: London
KEYWORDS: lme pre-market
Base metals traded higher in Wednesday?s pre-market on the London Metal Exchange (LME) as Glasenberg claimed commodity demand will continue, and banks turned bullish on copper
Base metals traded higher in Wednesday?s pre-market on the London Metal Exchange (LME) as Glasenberg claimed commodity demand will continue, and banks turned bullish on copper. Three-month copper was trading over the $9,000 mark at $9,013.75 per tonne by 10:36 BST, an improvement on its open price of $8,867 per tonne. As Glencore shares opened on the Hong Kong stock exchange at HK$64.65 ($9.9) per share, Glasenberg told reporters that he remained confident about the outlook for commodities. Fund investment may create.
EXS Price at posting:
67.0¢ Sentiment: Hold Disclosure: Held
