Increased Demand Helps Prop Up Copper ETFs

NASDAQ reports the greater demand for copper is likely to keep copper prices and related exchange traded funds at high positions.

The market news is quoted as saying:

Three-month copper on the London Metal Exchange hit $9,784 on Wednesday, almost a three-week high, according to Business Report . While the housing market continues to show weakness, other areas of the economy have improved enough to make up for the extra demand, such as a growing automotive sector and anticipated reconstruction effort in Japan.

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