Copper lures buyers as New York futures hover above $4/lb
Copper futures edged higher in London and New York as tentative signs of buying interest emerged following a string of losses.
President of Iran Mahmoud Ahmadinejad will visit uranium-rich Niger this weekend to mark “a turning point in bilateral ties” between the two nations, reported Agence France-Presse Saturday.
Niger, the world’s fourth largest uranium producer, has much to offer Iran, whose controversial nuclear programme requires large amounts of imported uranium.
Niger is already a major supplier of uranium to France, whose nuclear power program accounts for roughly 75% of its total domestic energy output.
Iran’s presidential elections will take place on June 14th of this year. The outgoing Ahmadinejad is ineligible to stand for a third term.
Sources: Agence France-Presse; World Nuclear Association
