Copper ended down for a second straight day on Wednesday, but the pace of decline slowed from the previous session's swift slide after a double dose of strong US economic data again boosted risk appetite. "The turnaround is basically a function of the fact that stocks and commodities have had this symbiotic relationship for the last year or so," said Donald Selkin, chief market strategist with National Securities Corp in New York.
COMEX copper for March delivery settled up 3.90 cents at $4.4080 per lb, near the upper end of its $4.2905 to $4.4125 session range.
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