Copper Rises in London on European Debt Agreement: LME Preview

Bloomberg reported that copper rose on prospect that demand will surge after European leaders pass the debt-relief agreement with bank representatives.

As quoted in the market news:

European leaders persuaded bondholders to take 50 percent losses on Greek debt and boosted the firepower of the rescue fund to 1 trillion euros ($1.4 trillion), responding to global pressure to step up the fight against the financial crisis.

Click here to read the full Bloomberg report