Copper Prices Hit Seven Week High

Investing.com reported that copper prices rose the furthest since March 7 today, as copper for May delivery finished at $3.086 a pound and was seen trading as high as $3.094 on the Comex. The rise in prices came with speculation regarding increases in demand from China.

As quoted in the market news:

April and May are seasonally strong months for copper consumption in China amid brisk construction activity. The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year.

Click here to read the full Investing.com article.