Copper Traders Bullish for First Time in Six Weeks

- December 2nd, 2011

Bloomberg reported copper traders are bullish on signs that demand is rising due to a drop in global inventories.

Bloomberg reported copper traders are bullish on signs that demand is rising due to a drop in global inventories.

As quoted in the market news:

Twelve of 24 surveyed by Bloomberg expect the metal to advance next week and two were neutral. The last time they were bullish overall, in the week ended Oct. 21, prices surged more than 14 percent in the following five days.

Click here to read the full Bloomberg report.

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