Kontent News

My take on the commodity supercycle zeitgeist...and the rise of the precious metals, uranium and alternate energy. Get ready for peak everything, the repricing of the planet and "black swans" all over the place..

Tuesday, July 04, 2006

Copper climbs on strong fundamentals, eyes funds

Creamer Media's Mining Weekly Online, South African Mining News :: News Today: "Copper prices rose in thin trade on Tuesday, supported by a firmer tone in Shanghai futures, as investors focused on strong fundamentals and anticipated an influx of speculative funds into metals.

By 0414 GMT, London Metal Exchange copper for delivery in three months was up $95 or 1,3% at $7 370 a ton. On electronic trading platform Select, the metal had earlier traded between $7 320 and $7 475.

On Monday, copper ended down $45 at $7 275."

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