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Yet peaked intra-day $ 1,432.50 an ounce, a historical record, before the licensees benefit settled in photo: Alamy

Yet peaked intra-day $ 1,432.50 an ounce, a historical record, before profit makers settled in. Argent term reached $30.75 - the highest level since March 1980 - relaxation in afternoon trade before.

In an interview Sunday night on American television, Ben Bernanke, the Chairman of the Federal Reserve has been suggested that the Central Bank can launch most active purchases to support the US economy sick, but he also said that "it seems likely" that the economy would fall back into recession.

Copper prices has also increased to a record in London Tuesday, with term for the delivery of three months amounting to $9,044 a tonne in trade intraday, beating the previous record of $8,966 defined on 11 November. Fears are mounting a future squeeze copper demand should soon exceed supply.

"Copper prices are also favorable messages which surround the stimulus to the United States and emerge from the continuous demand in China," said John Meyer, head of mining broker Fairfax.

Minors have driven up FTSE 100, which closed at its highest level in three weeks. African minor gold Barrick Gold was the gainer more high, rising 6pc, FTSE 100 game of pure copper Antofagasta amounting to 4 9pc, third largest riser card. Mining group diverse single large listed do not in London is Brazilian Vale giant.

Gold prices rose by 28pc this year, a year of gains right-10th. Silver prices jumped by 76pc and copper is 20pc.

But slipped to a minimum of $1,406.30 later Tuesday, while copper closed at $8,800.

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? Use the largest copper wiring is, as the metal is the second silver medal its conductivity. It also very slowly corrodes.

? Because it resists corrosion and does the heat, it is widely used for plumbing pipes.

? According to the European research need hybrid cars 33 kg copper in their construction - the weight of a child aged 12 average copper. In comparison with 20 kg - 25 kg of copper in a classic car. Approximately 3 kg of extra is required for electric compressor, converter/rectifier requires 2 kg, the lithium-ion battery is 8 kg and wiring high voltage and a further 8 kg.

? China is the largest consumer of copper, but imports tumbled to a minimum of one year in October.

? Copper spot prices increased near 20pc on the London Metal Exchange (LME) since 1 January 2005 to $8,774 per tonne.

? Cash joined by 45pc since his year-low, June 7 $6,067 per tonne.

? Copper for the delivery of three months on the LME reached a record $ 8,966 per tonne on 11 November.

? Copper stocks followed by the LME courses for a tenth month drop data revealed this week.

? Copper followed by the LME stocks are low 30pc this year for the first annual since 2004 contraction.

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The last mystery copper trade is not the first time that someone tried to accumulate the metal. Yasuo Hamanaka, called died: "M. Copper", has spent eight years in prison after confessing huge losses for more than ten years copper off-the-book deals that led to more than $2. 6bn losses.

Mr. Hamanaka has purchased a million tonnes of copper over a decade in a desperate attempt to follow the price. At any given time it was so metal - all 5mC supplies - only merchants worldwide he nicknamed Mr. copper.

Nicknamed "Choc Finger", Anthony Ward being a huge chunk of the supply of cocoa in the world in July. Mr. Ward has purchased 241 000 tonnes of cocoa beans and now has enough for the manufacture of 5.3 billion quarter-book chocolate.

Mr. Ward, which is about 36 million from ￡, occupies a large part of the market could compel manufacturers to increase the price of Britain's favourite chocolate bars.

Jay Gould and James Fisk conspired in the 1860s in a plot for the New York market financial gold angle.

Aware of the plot, President Ulysses s. Grant has authorized the Secretary of the Treasury Board to sell enough to destroy their plans .but speculation had already wrought havoc and caused first black nation Friday 24 September 1869.

The Congress was forced to put in the Act help the onion in August 1958 prohibiting the conclusion of the onion on the Chicago Mercantile Exchange. Onion prices had tilted heavily in 1955 of $2.75 per dollar - 15 cents more Prize bag bag with onions.

US farmers traders alleged aircraft trying to corner the market onion, which led to the Act passed.

The money market was temporarily cornered in 1979 and 1980, when Nelson Bunker Hunt and his brother William Herbert Hunt held derivatives of money representing approximately one-half of global annual production of silver.

In 1979, the silver price jumped $6 oz record time all the top $ 48. 70 oz.

But Hunt brothers had heavily borrowed to finance their purchases and the price dropped over 50pc in just four days, they could not meet their obligations, causing panic in the markets.

In 1989, Nelson Bunker Hunt has agreed to pay a penalty of up to 10 m $ and agreed to a ban on commercial products.

The beginning of the 1980s, Malaysia tried angle plate market, but had to abandon with huge losses. He hopes to raise price of Tin and force on the London Metal Exchange (LME) traders to buy merchandise, Malaysia at higher prices.

But the plan backfired when the LME modified some of its rules, whereas other producers provided supplies fresh and the United States has published its enormous inventory of Tin.

The Malaysia losses were never officially reported, although estimates of the market put as high as $ 500 million.

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Most analysts consider copper as fundamental the tightest metal offers and demand of all.

In a Bloomberg survey of 14 metals analysts and traders published today, ten - or 71pc - said that the price of copper has more next week. Three predicted at low prices and a forecast little change.

Gerard Lyons, Chief Economist and head of the international group of research, Standard Chartered

"Copper demand is robust and mine supply has difficulty tracking after years of under-investment." The relative positions of mine the planet, the Chile and largest consumer of the planet, China's largest supplier to highlight a big problem: Chile should add 56 thousand tons (kt) mine provide this year, so that in our forecast reasonably prudent, China will add 830kt from the demand of the equation. ?

Jochen Hitzfeld, UniCredit:

"Existing mines suffer fall ore content." The content of the ore mine Escondida [at Chile], the largest worldwide, for example, halved since 1996. ?

He also said:

"Among industrial metals, copper copper is our favorite," adding that the deficit forecast for 2011 and 2012 supply will reduce stocks to "near historic lows.

Daniel Major, RBS:

"Like it or hate, the launch of potential for a couple of funds exchange traded physically backed up copper (FNB) set the cat among the pigeons in what is already a fundamentally tight copper market." While it is probably of when not so, copper assaults marker per tonne of $10,000, where copper uber bulls we differ is in the calendar, where we expect to see the marker exceeded $10,000 tonne of soon, but rather only step until after 2012. But there is a risk that a relatively modest uptake of new ETFs could advance this target price.

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Unknown buyer was built in the dominant position since last week at least, to a dealer on the market.

According to the rules of the London Metal Exchange, the merchant must lend copper if it holds between 50pc and 80pc of total keep cash in day agenda on the market. The trader is currently ready for a 0 5pc premium for the cash price.

The premium prices for copper cash on delivery within three months reached $89 in the middle of this week - the highest within two years.

London stock fell more than a third since their levels at the beginning of the year.

LME Copper was stable at $8,720 per tonne this morning, after having reached a maximum of $8,732 earlier. A record price of $8,966 was hit in the middle of November.

Large position is not the only reason why the price of copper is high.

There are fears of a supply shortfall next year, as mine production should not at the same pace as demand bounce after the recession.

Two investment banks us and a UK company also want to launch traded exchange of funds tied to copper, which is likely to suck up the market demand.

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Prices of metals led Vedanta Resources 129 p to ￡ 23.19, society resource has increased by 42 991?p and Fresnillo on 46 percent to ￡ 14.13.

But despite their gains, the FTSE 100 finished only 12.56 points to 5875.35 - a new record for the year - as the hangover wood shots after the quantitative part powered alleviate Thursday.

However, the stocks of health care provided some relief.

Smith & Nephew, the manufacturer of the replacement of the hip and knee, rose from 29 to 587?p after delivering results for third quarter showed a United States orthopedic revenue recovery.

"Actions were around during the last months, responding to the results mixed peer" said analysts Investec, who have a "buy" S & N rating and a price target of 633 p.

"We believe that the T3 should rassurer.Non only a commercial is stable since the second quarter, but the appearance of Smith & Nephew to outshine peers in a number of areas."

Join Smith & Nephew was GlaxoSmithKline, which then 34? to ￡ file as fears about competition from generics eat his best-selling drug lung, Advair, revenue began to recede.

Largest manufacturer of drugs British investors breathed more easy after Teva pharmaceutical company focused on the Israelis said that won approval to get copies of medicines such as Advair will be extremely difficult in the US market and it is not possible to be substitutable generic versions.

"We held the view from May 2009 which substitutable generics to the United States would be extremely difficult to achieve," said Kevin Wilson, an analyst at Citigroup that rates of GSK "low risk".

"But top generic company world has now admitted that no there are no rapid erosion of Advair by generics, which should allay the fears of even the most skeptical Fund Manager", he added.

AstraZeneca is spent ￡ 30.91? as America's drug 20?p approved treatment of diabetes, developed by the British with Bristol-Myers-Squibb drug manufacturer.

But retains large caps were banks, with Royal Bank of Scotland, among the greatest laggards, sliding 2.14 to 45 percent.

Autumn has come as the Bank-backed State said it expected market conditions continue in the fourth quarter.

Return slip was too HSBC Holdings, despite the fact that profits so far this year were "well in advance" 2009.Mais levels after a strong run this week, traders took the opportunity to redeem earnings and shares fell 12.1 to 683 p.

Andrew Lim, a matrix with a "hold" on HSBC, said that the statement could not inspirer.Il rating Analyst calls the "very low" update and said he would expect downgrades consensus throughout the year estimates follow.

Rolls-Royce remain under pressure in the wake of the failure engine on a Qantas.Mais Airbus A380, Goldman Sachs has reiterated its "buy" rating

"While there is no certainty, we suspect the problem will not be systemic and emphasize the excellent record of Trent family since it entered service in 1995 and the Trent 900 since 2007," said analysts.

They added that Rolls remain their "top pick" in the sector that they believed that it was the best
gamme.Malgré top growth surge, Rolls dropped 30? to 591 p.

Cobham was still suffering from broker abaissements.Le Aerospace Electronics Group fell another 204.8 3.2 percent.

Among the second liners, Cable & Wireless Communications was one of the winners of the day.

Having fallen back on Thursday he recovered Friday, moving up 2.69% 49.68 after its Chief Executive, Tony Rice, bought 1 m shares in the company.

But Irish & permanent life fell 0.27 to 1.05% as predatory Irish financial assets has continued, with the efforts of the Government to combat the omitted deficit reassure investisseurs.Life & Irish permanent has been the only Irish lending to avoid requiring support from the Government.

Drag on a day where the FTSE 250 gained points 63.49 11079.95 - also a new peak in the year - was the insurer Amlin, fell 12.7 percent 403.8.

JP Morgan cut stock "weight" to "neutral", saying it provides actions to consolidate its current level, and other companies in the supply sector "" similar dividend yields, but more attractive absolute assessments "."

Mail.ru, the company operates two Russian language social networking sites has been a sparkling debut on the London Stock Exchange on Friday.

Company shares were traded on the grey market closed at $36.00 (￡ 22,16) - 30pc $27.70 for which the offer was priced conditionally.

Mail.ru, which has a 2 38pc Facebook, game said the initial public offering (IPO) valued at $5. 71bn.Trafic shares will officially begin on 11 November.

Debut following a float successfully by the Russian retailer, O'Key, which is 420 m $ for his midfield list earlier this week.

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Vancouver-based First Quantum is making the acquisition following the confiscation of mining licences it owned in the Democratic Republic of Congo (DRC).

The company has agreed to buy Antares, which owns the Haquira copper and gold project in Peru.Shareholders in Canadian company Antares will receive 0.07619 of a share in First Quantum or a cash payment of C$ 6.35, representing a 41pc premium.

Haquira is adjacent to Xstrata's Las Bambas development and First Quantum says it will seek to work with Xstrata to see if the two groups can find any synergies between their operations.

First Quantum is seeking to markets its business after the car's government seized the licence for its Kolwezi mine, which was sold on before eventually being bought by Kazakh-based mining group ENRC.

ENRC has said it carried out extensive due diligence and it would "vigorously" challenge first quantum's legal claim.

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