Economic optimism drives copper to 10 month high

- August 6th, 2009

Copper Investing News reports copper prices have improved with economic optimism in the copper markets. Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last … Continued

Copper Investing News reports copper prices have improved with economic optimism in the copper markets.

Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high of $6,105 a tonne. Industrial metals prices on Monday jumped after data showed strong manufacturing activity in China and the US. Copper was not the only metal that received a boost, aluminum climbed up to $2,034 a tonne, the highest since last November, while nickel leapt to $19,799, it’s highest since September 2008.

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2 responses to “Economic optimism drives copper to 10 month high

  1. 0bTO – The Last years i would be really, really low on $$ and debts were eating me from all sides. that was RIGHT UNTIL I learned to make money.. on the Internet. I landed on surveymoneymaker period net, and started filling in surveys for money, and surely i have been greatly more able to get around financialy! i’m so happy i did this!!! – kNE

  2. 0bTO – The Last years i would be really, really low on $$ and debts were eating me from all sides. that was RIGHT UNTIL I learned to make money.. on the Internet. I landed on surveymoneymaker period net, and started filling in surveys for money, and surely i have been greatly more able to get around financialy! i’m so happy i did this!!! – kNE

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