Copper Heads for First Quarterly Gain in a Year on China Outlook
This article is for subscribers only.
Copper rose, heading for the first quarterly gain in a year, as higher earnings at Chinese industrial companies signaled expanding demand from the world’s largest metal-consuming country.
Profits at the companies increased 24 percent in August, China’s statistics bureau said today. Copper inventories tracked by the London Metal Exchange dropped for a 17th straight session, heading for the biggest monthly decline since March 2012.