Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Copper Climbs to Record in London, 31-Month High in New York

Dec. 14 (Bloomberg) -- Copper climbed to a record in London and rose to a 31-month high in New York on expectation demand will outpace supply as the global economy extends a recovery, and as investors sought alternatives to a weakening U.S. dollar.

The metal for three-month delivery on the London Metal Exchange rose as much as 0.4 percent to $9,259.75 a metric ton, surpassing the previous peak of $9,248 a ton yesterday.

Futures on the Comex in New York climbed as much as 0.5 percent to $4.2260 a pound, the highest level since May 2008, when they touched a record $4.6206.

To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.