Copper Continues Rally

Reuters reported that copper continued its rally on Wednesday on the LME, builidng on gains from the previous session.

As quoted in the market report:

London copper prices have been nudged up by some positive news today, such as Spain’s unchanged rating and good U.S. earnings reports. But until we get compelling evidence that the global economy is lifting or that governments are introducing fresh stimulus measures, gains will be limited,” said a Shanghai-based trader.

To view the whole Reuters report, click here.