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Copper Set for Seventh Monthly Gain on Demand Outlook, Inflation
Jan. 31, 2011 04:38AM PST
Base Metals Investing Bloomberg reports that Copper is set for a seventh monthly gain on speculation that demand in China.
Bloomberg reports that Copper is set for a seventh monthly gain on speculation that demand in China.
The market news is quoted as saying:
Three-month copper on the London Metal Exchange gained as much as 1.8 percent to $9,703 a metric ton and was at $9,667 at 4:30 p.m. in Singapore, extending last week’s 0.9 percent advance. The metal, which reached a record $9,781 a ton on Jan. 19, ended last month at $9,600.
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