Copper Rises to Record Approaching $4.50 a Pound

Bloomberg reports that Copper prices rose, extending a rally to a record approaching $4.50 a pound.

The market news is quoted as saying:

In 2010, copper surged 33 percent as the economy recovered from the deepest recession since World War II, led partly by demand from China, the world’s biggest metal consumer. Analysts at Barclays Capital and Standard Bank Group Ltd. have forecast a shortfall as mining companies fail to keep up with demand.

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