US copper futures bounced early Friday from fresh four-year lows made in overnight business, with a weak dollar and broader gains in the precious metals complex providing support in thin holiday activity. Copper for March delivery was up 1.90 cents at $1.2930 a lb by 10:14 am EST (1514 GMT) on the New York Mercantile Exchange's Comex division.
The range from $1.3050 to $1.2550, which marked a new low for a fourth-month position contract dating back to October 2004 on a continuation basis at. Conditions extremely thin as London financial markets closed for the Boxing Day holiday. Comex estimated volume at a sleepy 817 lots by 9 am.