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| Copper Up as US New Home Sales Reach Two-Year Record Posted: 27 Dec 2012 03:48 PM PST Copper rallied today as US new home sales reached the highest level in more than two years, suggesting that demand for the metal used in construction may increase. US new home sales rose from 361,000 in October to 377,000 in November. The reading was below the forecast of 382,000, but it was still was the strongest since April 2010. The United States is the second biggest consumer of copper in the word. The first [...] |
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