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MARKET TALK: LME Metals Pare Gains; Copper Steady

Thursday, Jan 25, 2007
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Oil prices on the defensive of late take shine off LME gains overnight but copper shows resilience amid concerns about falling Chinese domestic stocks, says trader. LME copper pares some gains but prices above December resistance lines mean metal well placed to target next resistance at $5,950/ton in coming days; 3-month copper last at $5,735, +$20 on PM kerb.

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