Copper prices vivaciously rallied over three percentage points on the last trading session of the week as investors morale got bolstered by the surprisingly encouraging US employment data which signaled that worries over deep recession are making way of economic recovery. The red metal prices surged on hopes of improving demand prospects of the commodity as the upbeat jobs report added to recent signs that economic environment around the world is gaining momentum. Copper futures for March delivery rocketed 12.05 cents or 3.2% to settle at $3.9015 per lb after trading as high as $3.9090 and as low as $3.7775 on the Comex metals division of the New York Mercantile Exchange. Copper for three-month delivery on the London Metal Exchange jumped $225 or 2.69% to settle at $8,570 a tonne.
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