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Copper futures (JJC +2.2%) jump 3.3% to their highest settlement in five months as investors...

  • Friday, September 14, 2012, 3:57 PM ET
    Copper futures (JJC +2.2%) jump 3.3% to their highest settlement in five months as investors flocked to buy in the wake of the Fed's QE3 decision. TD Securities' Bart Melek is mindful that U.S. copper demand had slumped 18% in 2009 before the launch of QE2; by Q4 2011, demand had surged 9.4% Y/Y to 424K metric tons.
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