Metorex rides higher price Comments January 8, 2010 Submi

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Metorex rides higher price Comments
January 8, 2010

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Metorex touched its highest level since November 2008 as lower debt and higher copper prices improved the earnings outlook. Metorex extended Wednesday's 4.8 percent rally and closed up 4 percent at R5.25. Copper has climbed 2.2 percent in the past two days. "Also they've restructured their finances," said David Shapiro, the head of Sasfin's securities unit. - Bloomberg