Wednesday, May 29

CP UPDATE: COPPER

Copper futures climbed on Tuesday after strong US housing and consumer confidence data lifted prospects for rising metals demand in the world's biggest economy although gains were capped by a stronger dollar and concerns over Chinese growth.

Copper futures for most actively traded July delivery settled higher by 1.95 cents, or 0.6%, at $3.3150 a pound on the Comex metals division of New York Mercantile Exchange. While copper on the London Metal Exchange climbed 0.8% to $7,360 a tonne.

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