Official Copper Price Increased by 10,000 Yen to 720,000 Yen

JX Nippon Mining & Metals Group announced on 18th to raise copper official price for December shipment by 10,000 yen to 720,000 yen. It is on the background of firmer tone in overseas market and cheaper yen and strong dollar in currency exchange market. It increased to high price level in the beginning of April 2012. Monthly average increased by 4,200 yen to 711,000 yen.