Bloomberg reported that copper advanced 1.6 percent to $3.53 a pound on hopes that China and the U.S. may move to bolster their economies.
As quoted in the market news:
Copper for September delivery climbed 1.6 percent to $3.53 a pound by 8:45 a.m. on the Comex in New York. The London Metal Exchange’s three-month contract rose 2 percent to $7,787.75 a metric ton.
Is the “looming copper supply crunch” fact or fiction? It’s time to debunk a few industry myths.Learn everything an investor needs to know about copper supplies and demands. Click below to download a FREE industry report on copper investing.
Send me the report!
Click here to download for free