Copper Price Rises on US Industrial Output Gain

- January 14th, 2011

Bloomberg Businessweek reports that copper futures prices continued to rally Friday as positive US industrial reports supported market sentiment for future metal demand.

Bloomberg Businessweek reports that copper futures prices continued to rally Friday as positive US industrial reports supported market sentiment for future metal demand.

The article is quoted as saying:

Output at factories, mines and utilities in the U.S. rose more than forecast in December, boosted by gains in business equipment and home electronics, figures from the Federal Reserve showed today. The Standard & Poor’s 500 Index of equities climbed to the highest since September 2008, and the dollar headed for the biggest weekly drop since September against a basket of major currencies.

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