Monday, July 9, 2007

Copper spikes through $8,000, lead at new high

(Reuters) - Copper for three month delivery on the London Metal Exchange ended up at $7,990 a tonne from $7,840 on Friday. Earlier it touched $8,015, the highest level since May 9 and a gain of more than 10 percent since late May.




In New York, copper for September delivery settled up 3.50 cents to $3.6295 a lb at the New York Mercantile Exchange's COMEX division, its best settlement since May 9. Trading ranged from an overnight low at $3.5890 to a session peak at $3.6650.


Read more at Reuters.com Hot Stocks News

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