Copper Set for Seventh Monthly Gain on Demand Outlook, Inflation
Investing News Network - January 31st, 2011
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.