Copper closed up for a sixth straight day on Tuesday, charging to its loftiest in more than two months, as supply threats in Chile and upbeat US data added fuel to the rally. Copper prices stand just 6 percent away from their mid-February records at $10,190 per tonne in London and $4.6345 a lb in New York after strong rebound from their late-June supports around $9,000 and $4.
In New York, the key September COMEX contract rose 4.50 cents to settle at $4.3475 per lb, near the upper end of its $4.2825 to $4.3540 session range.
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