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The Wall Street Journal reported that copper has regained its previous day losses, climbing to a 10–week high on Friday. The red metal was given support by the belief that solid US and Chinese economic data as well as falling stockpiles are signs of increased metal demand.
The Wall Street Journal reported that copper has regained its previous day losses, climbing to a 10–week high on Friday. The red metal was given support by the belief that solid US and Chinese economic data as well as falling stockpiles are signs of increased metal demand.
According to the news:
The most actively traded copper contract, for September delivery, rose 2.55 cents, or 0.8%, to settle at $3.363 a pound on the Comex division of the New York Mercantile Exchange.
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