Copper's nine month high thwarted
By Leia Michele Toovey
23 July 2009 @ 01:36 pm EDT
U.S. copper futures ended lower on Tuesday, after touching nine month highs earlier in the session, as copper climbed for a third day on speculation that the global economy is well on its way to a recovery. The index of leading indicators in the U.S., the world's second-largest copper consumer, increased in June for a third consecutive month. Copper for September delivery ended down 1.80 cents at $2.4510 a lb on the New York Mercantile Exchange's COMEX division, the day's range spanned from $2.4305 to $2.4945.
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