Replies to post #168520 on $Rig's Platinum Penny Alerts

[mgland]

Copper hits a record high, trades at $4.29 a pound
9:17a ET December 21, 2010 (MarketWatch)
NEW YORK (MarketWatch) -- Copper futures hit a record high on Tuesday, which analysts attributed to reports that one of the world's largest copper mines, Collahuasi in Chile, has declared force majeure and can't export its goods. "Copper has continued to rise this morning on supportive Chinese trade data and news that Collahuasi had called force majeure on concentrate shipments," analysts at Barclays Capital wrote in a note. High-grade copper for March delivery rose 1.5%, or 6 cents, to $4.27 a pound. It touched $4.29 a pound early in the U.S. trading session, according to FactSet Research.