03.26.09
MARKET TALK: LME Base Metals Boosted By Strength In China (Dow Jones)
DJ MARKET TALK: LME Base Metals Boosted By Strength In China
1001 GMT [Dow Jones] LME base metals are trading higher Thursday boosted by strength in China, says a London-based trader. Copper futures on the Shanghai Futures Exchange settled higher Thursday, boosted by the government’s decision to raise export rebates for non-ferrous metals. Says higher metal prices are dependent on China’s stockpile buying. LME copper is trading at $4,068/ton, +2.6% from Wednesday’s kerb close. (DNM)
