London copper ended up for a second straight day on Monday, recouping earlier losses and maintaining its positive momentum despite a host of discouraging macro-economic developments. In New York, prices failed to sustain late gains. The key September COMEX contract eased 1 cent to settle at $4.4030 per lb.
Following a recent shake-out that saw prices lose about 15 percent of their value from the April highs, investors are now re-enterng the market in search of value.