March copper has posted strong gains again this morning, and has reached the highest price levels since the first week of January. The copper market has continued to show strength during the early Wednesday trading with part of that move widely thought to be the result of a weaker Dollar, but stronger equities along with news that more natural resource companies are being taken over may have provided additional support for industrial commodities. The market might also have benefited from ideas that today's German GDP readings were strong enough to decrease the odds of runaway debt problems in the EU. Many traders feel that the copper market is mostly focused on big-picture macro economic developments, with the biggest influence on prices today being the action of equity markets and perhaps the price action of US grain markets. LME Copper Stocks were 378,175 tons down 1,475 tons.
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