Copper Advances on Weaker Dollar, Increased Warehouse Bookings
posted on
Mar 03, 2010 03:04PM
Dear shareholders,
In an effortto keep you up to date on all pertinent information regarding the resource sector and more specifically copper demand, please see the attached article titled Copper Advances on Weaker Dollar, Increased Warehouse Bookings.
Comex copper has gained 4.5 percent this week after an earthquake struck Chile, the world’s biggest producer, on Feb. 27, sparking concern that output might be disrupted. Most mines in the nation are running normally, the National Mining Society said yesterday. Santiago-based industry leader Codelco said it returned to full output after power was restored.
March 03, 2010, 8:54 AM EST
By Anna Stablum
March 3 (Bloomberg) -- Copper rose in New York and London as a weaker dollar boosted the appeal of metals as an alternative investment and bookings increased to remove metal from warehouses.
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