Copper’s ascent sentiment-driven

Copper Investing News reports copper price rise for the first time since October last year.

Copper futures for May delivery advanced 11.05 cents, or 5.8 per cent, to $2.0005 a pound on the Comex division of the New York Mercantile Exchange. This week, the metal added another 9 per cent to its rally started at the end of December. The metal’s gain in 2009 trails only gasoline among 19 raw materials in the Reuters/Jefferies CRB Index.