1. Copper futures rose as economic reports in Germany and the U.S. pointed to strengthening demand for industrial metals, overshadowing expectations of growing supplies. 2. Demand should increase for energy commodities and industrial metals if manufacturing picks up around the world. 3. Demand is booming for silver, which is largely an industrial metal, with electronic, photographic, and manufacturing applications. 4. In NEW YORK, copper fell to its lowest price in four years on expectations that weakening economies and currencies in Asia will keep demand for industrial metals low. 5. In NEW YORK, copper futures rose as economic reports in Germany and the U.S. pointed to strengthening demand for industrial metals, overshadowing expectations of growing supplies. 6. Income from copper, coal, aluminum and industrial metals gained. 7. Prices of industrial metals rise as industrial production increases, van Eck said. 8. The potential combination may be a signal of other big cross-border deals and could lead to stable or higher prices for aluminum, a basic industrial metal. 9. The price of copper, the most widely used industrial metal, is often regarded as an early indicator of manufacturing activity. 10. Weakening currencies and slower economic growth in Asia is likely to lead to further cancellations of construction contracts and crimp demand for industrial metals, traders said. |
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