US MIDDAY: copper lower

10 Sep, 2009

US copper futures drifted quietly down at the open on Wednesday, as prices paused beneath recent highs and gathered momentum for another test of the psychological $3 a lb, traders said. Copper for December delivery down 1.45 cents at $2.9415 a lb by 10:30 am EDT (1430 GMT) on the New York Mercantile Exchange's COMEX division. Range from $2.9230 to $2.9735. COMEX estimated copper volume at 5,702 lots by 9 am.

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