[TowerTalk] Financial Times (4 Jan 07): Prices for Copper Buckle as Stockpiles Increase

[Eric Rosenberg]

"Copper prices fell below $6,000 a tonne for the first time in nine months yesterday, under pressure from rising stockpiles and a turn in investor sentiment.

"The red metal has now fallen 32 per cent since peaking at $8,600 a tonne in May.

"Analysts at Standard Bank predicted: "A breach of the psychologically important $6,000 will leave the metal significantly exposed on the downside." 

The entire article is on the ft website:  www.ft.com

Eric W3DQ 
Washington, DC