Copper Extends Rally

Bloomberg.com reports that Copper rose for the third straight day in New York.

The market news is quoted as saying:

The Fed said last week it will purchase an additional $600 billion of Treasuries through June. Copper prices jumped 4.3 percent in the previous two days, reaching $3.9955 a pound on Nov. 5, the highest level in 28 months. The metal also rose on concern that a strike at the Collahuasi mine in Chile would worsen supply shortages.

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