Copper hits record on healthier China demand view

Base Metals Investing

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.

bart melek Copper Investing

The Conversation (2)

Brian Hester

05 Mar, 2011

An interesting and obviously successful approach but I am surprised Mr Li appears not to consider geological apsects of the various companies' activities.

Brian Hester

05 Mar, 2011

An interesting and obviously successful approach but I am surprised Mr Li appears not to consider geological apsects of the various companies' activities.