Copper Rises for Fourth Day Before U.S. Housing-Starts, Production Reports

- May 17th, 2011

Bloomberg reports copper and nickel rose in New York before reports that may show U.S. construction is expanding.

Bloomberg reports copper  and nickel rose in New York before reports that may show U.S. construction is expanding.

The market news is quoted as saying,

Housing starts climbed 3.6 percent to a 569,000 annual rate last month, according to economists surveyed by Bloomberg News. Industrial production probably gained for a sixth consecutive month, increasing 0.4 percent, a separate survey showed. Prices also advanced on signs of stronger buying interest in China, the world’s biggest copper consumer.

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