Copper Advances on U.S. Demand Speculation: LME Preview

Copper rebounded from the biggest decline in two weeks on speculation U.S. economic data signals demand from the second-biggest buyer will be strong, and after China said imports of refined metal gained in February.

Market News:

Metals News:

Metal Prices:

-- Copper gained 0.6 percent to $8,480 a metric ton by 7:42
a.m. on the London Metal Exchange. Relative Strength Index 52.
-- Aluminum advanced 0.3 percent to $2,252 a ton. RSI 50.
-- Zinc jumped 0.7 percent to $2,050 a ton. RSI 48.
-- Lead rose 0.2 percent to $2,018.25 a ton. RSI 38.
-- Nickel declined 0.1 percent to $19,037 a ton. RSI 42.
-- Tin gained 0.3 percent to $23,500 a ton. RSI 50.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   79.458           -0.2           -0.9
Crude oil           $106.46           0.4            7.7
Gold                $1,652.98         0.1            5.7
MSCI World Index    1,316.14          0.0           11.3


Economic events:
                                     Forecast    Prior     Time
                                                        (London)
U.S. MBA Mortgage Applications MAR 16   --       -2.4%    11:00
U.S. Existing Home Sales       FEB      4.61M    4.57M    14:00






To contact the reporter on this story:
Maria Kolesnikova in London at 
mkolesnikova@bloomberg.net

To contact the editor responsible for this story:
Claudia Carpenter at 
ccarpenter2@bloomberg.net



Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.