Funds Alone Not to Blame for Copper Rally

Base Metals Investing

Reuters reports that investor inflows aided lift copper to record high but expectations of tightening supplies amid global economic growth.

Reuters reports that investor inflows aided lift copper to record high but expectations of tightening supplies amid global economic growth.

The market news is quoted as saying:

Copper for three-month delivery on the London Metal Exchange was off around 1 percent at $9,196 at 1530 GMT, easing further from an all-time high of $10,160 per tonne on February 14. The price is still around 7 percent higher than at the beginning of December last year.

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