Base Metals

The Associated Press reported that copper prices surged 2.2% after China’s central bank announced an unexpected increase in loans in March.

The Associated Press reported that copper prices surged 2.2% after China’s central bank announced an unexpected increase in loans in March.

As quoted in the market news:

Copper for May delivery rose 8.1 cents to end at $3.7205 per pound. The gain snapped a three-day losing streak but the price remains well below the high for the year of $3.98 per pound it reached Feb. 9.

Click here to read the full The Associated Press report.

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