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Bloomberg reported that three-month copper price reached six-month highs on the speculation that policy makers in the US and China will take measures to boost the economy with stimulus packages.
Bloomberg reported that three-month copper price reached six-month highs on the speculation that policy makers in the US and China will take measures to boost the economy with stimulus packages.
As quoted in the market news:
Three-month copper rose as much as 1.3 percent to $8,072.75 a metric ton on the London Metal Exchange, the highest price since May 14, and was at $8,058 at 4:32 p.m. in Seoul. The price jumped 4.7 percent last week, the biggest gain since the week to June 29, after U.S. payrolls data for August missed expectations and China approved new infrastructure projects.