Copper ended with a 0.5-percent gain on Monday, supported by broader market strength and brighter Asian demand prospects seen in the aftermath of a two-week slide in international market values.
The economically-sensitive industrial metal collapsed alongside volatile equity markets, losing as much as 16 percent of its value in the first two weeks of August, after the US downgrade stoked fears of another recession and reinforced a depressed demand outlook for the industrial metal. In New York, the September COMEX contract firmed 2.00 cents to settle at $4.0320 per lb, near the upper end of its $3.9880 to $4.0580 session range.
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