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MARKET TALK: LME Copper Steady; Pares Gains On Profit-Taking

Monday, Apr 02, 2007
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LME copper steady after profit-taking pares early modest gains, though outlook positive on strong Chinese demand, says HK-based trader. News of trade spat between U.S., China over paper import tariffs to U.S. unlikely to affect short-term base metals trade much though if protectionist measures spread, could impact physical market; "this is all speculation right now and we don't know anything firm," trader says. 3-month copper at $6,875/ton, +$25 on Friday PM kerb but off intraday high of $6,910.

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