US copper climbs

22 Dec, 2010

Copper prices climbed back towards record highs on Monday, after renewed supply threats in top producer Chile provided an additional underpinning to the red metal's demand-driven rally this year. On the New York Mercantile Exchange, COMEX copper for March delivery rose 4.70 cents, or 1.1 percent, to settle at $4.2060 per lb, near the upper end of its $4.1605 to $4.2235 session range. COMEX copper hit a record at $4.2290 per lb last week.

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