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Hold Central Asia for income

Copper prices are surging upward again as new data showed the Chinese manufacturing sector improved for the third month in a row and the US narrowly avoided falling off the fiscal cliff. Shares in junior copper producer Central Asia Metals (CAML) wasted no time in reacting to the news by rising 13 per cent in intraday trading, yet the company's strong share price performance leads us to downgrade the shares to a hold.

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By Matthew Allan,
02 January 2013

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