Cash Price of Primary Copper Up 1.8%

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Following a two-day decline on the LME, the cash price of primary copper climbed up 1.8 percent to end at $8,138 per metric ton on Dec. 11, 2012. Also on the LME, the copper 3-month price rose 1.8 percent to $8,111 per metric ton.

The price of US copper producer grade 122 rose 1.6 percent to $4.33 per pound. The price of US copper producer grade 110 increased 1.6 percent to $4.33 per pound. At $4.52, the price of US copper producer grade 102 finished the market day up 1.1 percent per pound. The cash price of primary Japanese copper remained essentially flat at JPY 640,000 ($7,771) per metric ton.

Chinese copper closed mixed on Tuesday. Chinese copper wire saw its price rise 0.5 percent to CNY 57,545 ($9,220) per metric ton. Chinese copper bar gained 0.3 percent to finish at CNY 58,350 ($9,349) per metric ton. After a 0.3 percent increase, the cash price of Chinese copper finished the day at CNY 58,550 ($9,381) per metric ton. At CNY 48,400 ($7,755) per metric ton, the price of Chinese bright copper scrap was essentially unchanged.

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