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South Korea Buys 2,000 Tons of Copper at Lower Premium
May. 20, 2011 12:03PM PST
Base Metals Investing Bloomberg reports that South Korea bought 2,000 metric tons of copper cathodes at a lower premium.
Bloomberg reports that South Korea bought 2,000 metric tons of copper cathodes at a lower premium.
The market news is quoted as saying:
Copper for three-month delivery in London rose 0.3 percent to $8,962 per ton at 2:18 p.m. in Seoul. The metal, used in cables, wires and pipes, has fallen 6.7 percent this year.
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