LME copper is in more positive territory despite running into profit taking around $5,800/ton, and now looks set to make a return higher, says a broker. Dwindling inventories in China amid expectations of stock rebuilding and the chance of a strike at Cerro Colorado in Chile gives the market a boost, he notes, while a more favorable attitude towards commodities in general by investors is also adding to the more bullish tone. LME copper trades at $5,760/ton, up from a low of $5,680/ton Wednesday.
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