Positive sentiments may help in Copper recovery

Copper is back on track, as base metals seems to rebound in metal exchanges globally as the traders looks forward the European meeting scheduled later today to solve the debt crisis prevailing in the region, and also the US economic data which is expected to boost the market. Although the markets gets cautioned ahead of the crucial EU summit as the leaders remain unusually divided this time.

Copper has regained its upward status, rising in the fourth consecutive session in London Metal Exchange(LME), which was up by up 0.3 percent at $7,429.75 per metric ton by 0114 GMT. LME three-month copper ended up $46 at $7,405 a tonne, recovering from an intraday low of $7,307 on Wednesday.

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