Monday, July 2, 2007

Tight supplies, weak dollar lift copper

(Reuters) - Copper prices rose to fresh two-week highs on Monday as a weaker dollar, threats to supply and falling stocks boosted confidence, while nickel bounced and lead rose towards record highs.

Copper for three-month delivery on the London Metal Exchange touched $7,689 a tonne, the highest since June 18. At 0935 GMT it was at $7,630/7,650, up from $7,560 at the close on Friday.


Read more at Reuters Africa

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