Copper Rises as Low U.S. Borrowing Costs May Buoy Metal Demand
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Copper rose the most in two weeks on speculation that low U.S. borrowing costs will buoy demand for industrial metals.
The Federal Reserve kept its benchmark rate close to zero percent yesterday and maintained a pledge to hold lending costs “exceptionally low” for an “extended period.” Copper has declined 2.4 percent this month, partly on speculation that higher rates would hinder an economic recovery in the U.S., the world’s biggest metal user after China.