Copper hits record on healthier China demand view

Reuters reports that copper rallied to a record high on Monday, after a surprise jump in Chinese imports reinforced prospects for robust global demand and raised hopes of extended restocking by the world’s top consumer.

The market news is quoted as saying:

“It could very well be that the Chinese economy is running hotter than anyone thinks,” said Bart Melek, vice president and director of commodities with TD Bank Financial Group.

Click here to access the entire market news.