Copper Advances for Second Day as European Debt Concerns Ease

- January 12th, 2011

Businessweek reports that Copper in London climbed for a second day after Japan joined China in buying euro-area bonds.

Businessweek reports that Copper in London climbed for a second day after Japan joined China in buying euro-area bonds.

The market news is quoted as saying:

Copper for three-month delivery on the London Metal Exchange gained as much as 0.9 percent to $9,594 a metric ton, and traded at $9,557 at 3:35 p.m. in Singapore. The metal, which reached a record $9,754 on Jan. 4, advanced 2 percent yesterday, the most since Dec. 13.

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