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    copper investing

    Copper Touches 2-Month High

    Investing News Network
    Mar. 26, 2015 05:03AM PST
    Base Metals Investing

    Bloomberg reported that copper prices rose to a two-month high as heavy rains in Chile closed copper mines in the world’s biggest producer of the metal.

    Bloomberg reported that copper prices rose to a two-month high as heavy rains in Chile closed copper mines in the world’s biggest producer of the metal.

    As quoted in the market news,

    Copper for delivery in three months on the London Metal Exchange climbed to as much as $6,267 a metric ton, the highest intraday level since Jan. 5 and traded at $6,253 a ton ($2.83 a pound) at 4:19 p.m. in Shanghai. Prices are up 3.4 percent this week, paring losses this year to 0.8 percent.

    Click here for the full Bloomberg report

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