Copper Rises to $7,112 per Tonne on Positive US Data

Copper for delivery in three months on the London Metal Exchange gained 0.4 percent or $28.45 to trade at $7,112 per tonne on Wednesday, according to Bloomberg Businessweek. The rebound from three days of losses comes as a result of data indicating a healthy U.S. economy. The country’s gross domestic product rose at a rate of 4 percent last quarter, higher than projections, and consumer spending rose 2.5 percent.

“Copper could get a boost on that type of news,” Phil Streible, a senior market strategist at RJO Futures, told Bloomberg Businessweek. “Improving economic conditions should boost demand for all base metals.”

Copper on New York’s Comex exchange for September delivery rose 0.57 percent, or $0.02, to trade at $3.24 a pound, according to

Get the Latest Copper Investing Stock Information

Get the latest information about companies associated with Copper Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

CUU logo_1 color blackIn 2014 Copper Fox Metals Inc. (TSXV:CUU) added approximately 1.8 billion pounds of copper as well as 140,000 ounces of gold contained within the Inferred resource category to its metal holdings. Connect with CUU to learn more.

Leave a Reply