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Copper Swings Between Gains and Declines on Comex in New York

Feb. 28 (Bloomberg) -- Futures for May delivery down 0.3% to $3.5555/lb at 10:21 a.m. * Prices down as much as 0.6% today, and up as much as 1% * Stockpiles tracked by the London Metal Exchange rose for a

fifth month * Inventories tracked by Shanghai Futures Exchange up 49%

since the end of June * NOTE: U.S. 4Q GDP revised to up 0.1% vs est. up 0.5%,

Commerce Department report showed * NOTE: The MNI Chicago Report business barometer showed

business activity in the U.S. unexpectedly accelerated in

Feb * “The market is getting mixed messages right now,” Harry

Denny, a broker at Hoboken, New Jersey-based PVM Futures

Inc., said in a telephone interview. “Chinese stockpiles

are up, so they don’t need to buy right now, and the market

tapered off after the U.S. GDP report.”

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Joe Richter in New York at +1-212-617-7506 or jrichter1@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at +1-312-443-5931 or sstroth@bloomberg.net

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