COMEX Copper Futures Reach New Highs

COMEX copper futures ended at one-year highs June 4 on heavy fund buying on news of copper output cuts in Mexico and Chile, according to a Reuters story.

COMEX copper for July delivery on the New York Mercantile Exchange closed at 78.60 cents a pound, up 1.05 cents or 1.35 percent, at its highest level since June 2001, trading from 76.80 to 79.45 cents. Copper has inched up from 14-year lows near 60 cents in November, but the market still faces slack demand and record-high inve

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