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MARKET TALK: LME Metals Eye US Econ Data For Price Direction

Tuesday, Mar 27, 2007
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LME base metals traders await key US economic data for further price direction, including consumer confidence at 1400 GMT and Wednesday's durable goods data, says broker. Stronger oil and gold prices due to geopolitical concerns helps support base metals, broker adds. Worries continue Iran's capture of 15 UK sailors late last week may not be resolved as quickly as first thought. Copper trades at $6,853 a metric ton, up 0.02% from Tuesday while aluminum trades at $2,737.25/ton, up 0.4% from Tuesday.

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