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Copper prices start to rise  

Copper prices have started to rise having plunged to a low at the end of 2008 raising fears that building services and electrical contractors may be faced with rising costs for materials.

Research from the London Metal Exchange outlines that the price of copper has risen from beneath $3,000 in December 2008 for a tonne to nearly $5,000 tonnes in April 2009. The sudden rises have been triggered by huge amounts of buying by the Chinese.
 
Richard Kelly, head of construction, at BDO Stoy Hayward, said: "Copper is seen as one of the bell weathers of the economy. "The price of copper has been increasing throughout the quarter. If the weakening dollar continues apace and the Chinese continue to restock their supplies for construction, then we could see an effect on the UK construction market."

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