-- COMMODITIES: Copper Ends Slightly Higher After Plunging to 18-Month Low
Copper futures ended today's session slightly higher, tacking on 1.7 cents to close at $3.2045 a pound on the Comex division of the New York Mercantile Exchange after futures touched an 18-month low earlier in the session.
Copper had plunged earlier in the week, as gold slipped, but today gold's slight rebound also boosted copper.
Meanwhile, the copper market remains well supplied. According to the latest data, stockpiles of copper held in London Metal Exchange-monitored warehouses hit a fresh decade high at 612,350 metric tons, a 91% increase so far this year.
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