Copper Rises with Encouraging U.S. Data

Reuters reported that copper rose on Thursday, as investors were encouraged by signs of increased Chinese demand and by positive housing and labour data from the U.S.

As quoted in the market report:

This helped lift the metal used in power and construction to session highs, with benchmark copper prices on the London Metal Exchange rising to an intraday high of $8,065 a tonne. It ended at $8,054 a tonne, up 1.3 percent from Wednesday’s close of $7,946.

To view the whole Reuters report, click here.