Copper Rises on Chinese Import/Export Data

Bloomberg reported that copper advanced on Wednesday, pushed forward by indications that Chinese demand is growing.

As quoted in the market report:

The U.S. recovery and improving Chinese international trade figures are supporting the copper price,” Pengjiang “Richard” Fu, director for Asian commodities trading at Newedge Group SA in London, said by e-mail today. “China’s data this month on money supply, inflation and new loans will be key to keeping the rally going.

To view the whole Bloomberg report, click here.