Saturday, May 26, 2007

US copper up 4 pct, LME lead at new record

(Reuters) - U.S. copper futures jumped more than 4 percent on Friday ahead of the long Memorial Day weekend as investors did extensive short-covering on the base metal a day after it san to two-month lows.

In U.K. trade, copper for delivery in three months closed up 3 percent. Lead continued to dominate the action in London base metals, surging more than 5 percent to a new record high.


Read more at Reuters Africa

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