London copper up 5 pct, equivalent to $3/lb

Business | Reuters.co.za: "LONDON (Reuters) - Copper futures rose 5 percent to a record $6,625 a tonne on the London Metal Exchange (LME) on Friday, equivalent to over $3/lb as funds resumed their buying spree, dealers said.
By 1148 GMT, the benchmark three-month futures contract was quoted at $6,620/6,640, bouncing back from $6,296 on Thursday.
'We are still telling people to buy the dips -- it's the only the strategy that works in this environment,' a dealer said.LONDON (Reuters) - Copper futures rose 5 percent to a record $6,625 a tonne on the London Metal Exchange (LME) on Friday, equivalent to over $3/lb as funds resumed their buying spree, dealers said.
By 1148 GMT, the benchmark three-month futures contract was quoted at $6,620/6,640, bouncing back from $6,296 on Thursday.
'We are still telling people to buy the dips -- it's the only the strategy that works in this environment,' a dealer said."