Copper Jumps to Record as China Stockpiles Drop
Investing News Network - December 27th, 2010
Bloomberg reports that Copper futures rose to a record as inventories declined in China.
Bloomberg reports that Copper futures rose to a record as inventories declined in China.
The market news is quoted as saying:
Copper futures for delivery in March rose 2.15 cents, or 0.5 percent, to close at $4.28 a pound at 1:13 p.m. on the Comex in New York. Earlier, the metal reached $4.2985, the highest ever. Prices have surged 49 percent since July 1, partly on demand from emerging markets including China.