Copper Advances as Global Manufacturing Expands, Boosting Demand Outlook
By Glenys Sim -
2010-12-02T01:09:12Z
Copper advanced in London and Shanghai after manufacturing in China, the U.S. and Europe expanded last month, adding to signs of a revival in demand.
The metal for three-month delivery on the London Metal Exchange rose for a third day, by as much as 0.5 percent, to $8,630.75 a metric ton, and traded at $8,620 a ton by 9:07 a.m. Singapore time.
March-delivery copper on the Shanghai Futures Exchange climbed for a fourth day, by as much as 2.4 percent, to 65,200 yuan a ton.
To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net
More News:
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.