Grasberg Shutdown, Diminished U.S. Stimulus Fears Push Copper up

Reuters reported that copper hit a one-week high, pushed up by a number of issues, including over supply concerns from a prolonged Grasberg shutdown.

As quoted in the market report:

Three-month copper on the London Metal Exchange was last bid up 0.41 percent to $7,370 a tonne in official midday rings, having earlier hit its highest in more than a week at $7,410 a tonne.

To view the whole Reuters report, click here.