US copper futures gained at the open on Wednesday then firmed within a tiny range after US durable goods orders and home sales data pointed to strong demand for the red metal, traders said. A disturbance at Peru's third largest mine added to worries about supply, and also offered support, brokers said. "Home sales and orders were good. That's helping. That's why the market's up - those two items and some buzz around what's happening with a mine in Peru," said a copper trader.
At the New York Mercantile Exchange's COMEX division, July delivery copper rose 0.90 cent to $1.4140 a lb., in a narrow range between $1.4020 and $1.4160.
Spot May copper was up 0.75 cent at $1.5125. Most of the rest went untraded, except a few nearby contracts that were 0.15 to 0.95 cent higher.
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