US MIDDAY: copper moves up

23 Nov, 2011

Copper rose for the first time in four days on Tuesday, buoyed by signs of stronger buying interest, particularly from Asia, following the metal's steady unwind from its late October rally. In New York, the key December COMEX copper contract rose 3.00 cents to settle at $3.3330 per lb, after moving between $3.2935 and $3.3735.
Futures volumes, at a little more than 51,000 lots, ran about 13 percent below the 30-day norm, according to preliminary Thomson Reuters data, and should continue to be thin ahead of the US Thanksgiving Day holiday on Thursday.

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