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Copper Rises in London on European Debt Agreement: LME Preview
Oct. 27, 2011 04:06PM PST
Base Metals Investing Bloomberg reported that copper rose on prospect that demand will surge after European leaders pass the debt-relief agreement with bank representatives.
Bloomberg reported that copper rose on prospect that demand will surge after European leaders pass the debt-relief agreement with bank representatives.
As quoted in the market news:
European leaders persuaded bondholders to take 50 percent losses on Greek debt and boosted the firepower of the rescue fund to 1 trillion euros ($1.4 trillion), responding to global pressure to step up the fight against the financial crisis.
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