Monday, April 23, 2007

Copper drifts lower as supply threat eases

(Reuters) - Copper prices lost ground on Monday as supply worries eased after a strike in Indonesia ended but analysts said strong Chinese demand and weakening stockpiles still underpin prices.

Copper for three-months delivery on the London Metal Exchange fell to a session low of $7,820 a tonne before recovering to $7,900/7,910 at 0931 GMT, still down around 0.7 percent from Friday.


Read more at Reuters Africa

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