Copper Bolstered on Friday by Positive Chinese Data

Jan. 18, 2013 01:58PM PST

Reuters reported that copper rose in Friday, encouraged by positive Chinese data that indicated that the Chinese economy is improving at a faster rate than expected.

Reuters reported that copper rose in Friday, encouraged by positive Chinese data that indicated that the Chinese economy is improving at a faster rate than.

As quoted in the market report:

The two key points for 2013 are the seasonal restocking in China (which) kicks off after the Chinese New Year – that will likely support prices above $8,000 a tonne in the first quarter,” said UBS commodity and mining analyst Angus Staines.

To view the whole Reuters report, click here.

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