Base Metals

Bloomberg reported that the price of copper improved slightly, in part due to China’s announcement that it plans to spend more money on railroads.

Bloomberg reported that the price of copper improved slightly, in part due to China’s announcement that it plans to spend more money on railroads.

As quoted in the market news:

Copper futures for September delivery climbed 0.3 percent to $3.427 a pound on the Comex in New York, after rising to $3.457, the highest for a most-active contract since July 20.

On the London Metal Exchange, copper for delivery in three months advanced 0.2 percent to $7,561 a metric ton ($3.43 a pound).

Click here to read the full Bloomberg report.

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