US copper futures climbed early Wednesday, building on gains scored during the previous session as overnight buying in China and London prompted the funds to buy in New York, brokers said. "Chinese buying overnight led the way and London made a new high earlier today, so we were due higher on firmer overseas markets," said one floor source.
At the COMEX division of the New York Mercantile Exchange, benchmark May copper was up 2.15 cents at $1.5120 a lb, just off the top of its $1.5140 to $1.4830 early trading band. March copper was 1.60 cents higher at $1.5115. COMEX estimated 9:00 am EST (1400 GMT) copper volume reached 4,000 lots.
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