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Commodities eye

Production cuts brighten outlook

TOKYO -- International copper prices have risen to their highest point in a month and a half as a result of the potential for additional output reductions.

     Three-month futures prices for copper on the London Metal Exchange moved above $4,700 a ton on Tuesday, up 5% from a recent low in late November. The floor under international copper prices is starting to solidify, but with China's copper demand remaining weak, there is little chance that prices will climb back to the key threshold of $5,000 a ton.

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