US MIDDAY: copper climbs

22 Dec, 2009

US copper futures edged higher Monday morning as early weakness in the dollar and growing expectations for improved demand conditions in the new year gave prices a mild boost, even as stockpiles continued to mount. Benchmark copper for March delivery rose 1.70 cents to $3.1555 a lb by 10:28 am EST (1528 GMT) on the New York Mercantile Exchange's COMEX division.
Range from $3.1365 to $3.1635. Comex estimated futures volume at 3,703 lots by 9 am EST. Copper buoyed by early dollar-related buying as falling greenback makes dollar-priced metals more attractive for non-US investors.

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