Economic optimism drives copper to 10 month high

Market News

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 …

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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