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Shanghai copper futures ended higher on Friday as contracts rose across the board to catch up with the London Metal Exchange (LME), which broke through the key $2,750 level.
Shanghai's most active October contract rose 300 yuan to finish at 25,570 yuan ($3,090) per tonne, with other contracts adding 150 yuan to 400 yuan.
Volume fell to 206,134 lots from massive 334,580 lots on Thursday. "The breakthrough on the LME has given the market some confidence. But consolidation is likely next week as investors remain wary after recent volatility," said a Shanghai trader.
LME three-month copper was quoted at $2,750/$2,760 a tonne on Friday's Asian trade.
The metal jumped 3.5 percent in London on Thursday to close at a five-week high of &2,774 before profit taking emerged in inter-office trading.

Copyright Reuters, 2004

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