Positive Eurozone Data Bumps Copper Prices to $7,285.50 in London

New data showing the Eurozone economy is growing led investors to speculate demand for copper would increase, which pushed prices for the metal up August 14.

In London, copper prices rose $14.57 to $7,285.50 a tonne, according to Reuters.

Comex prices in New York were at $3.3255 a pound, up $0.85, The Wall Street Journal reported. Data from the European Union released today showed combined gross domestic product of the currency area’s 17 members rose 0.3 percent in the second quarter of the year – 0.1 percent more than economists had expected. Euro-zone countries combined are the second-largest copper consumer in the world.