Bloomberg Anywhere Login


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Copper Futures Advance on Outlook for Demand in China

Oct. 18 (Bloomberg) -- Copper futures rose after stronger economic growth bolstered the outlook for demand in China, the world’s largest consumer of the metal.

In the three months ended Sept. 30, gross domestic product expanded 7.8 percent from a year earlier, China’s statistics bureau said today. Expansion accelerated from 7.5 percent in the prior period, the first increase in three quarters. Copper also rose on speculation that the Federal Reserve will maintain its monetary stimulus after a stalemate over U.S. fiscal policy shut the government for 16 days, slowing the economy.

“China growth numbers are very supportive,” David Meger, the director of metal trading at Vision Financial Markets in Chicago, said in a telephone interview. “The Fed maintaining the pace of the stimulus is also helping copper.”

Copper futures for December delivery advanced 0.1 percent to close at $3.299 a pound at 1:05 p.m. on the Comex in New York. The price, up 0.9 percent this week, has dropped 9.7 percent in 2013.

Inventories tracked by the London Metal Exchange fell for the 32nd straight session to 497,500 metric tons, the lowest since March 7.

On the LME, copper for delivery in three months rose 0.2 percent to $7,245 a ton ($3.29 a pound.) Zinc and nickel advanced, while aluminum, lead and tin fell.

To contact the reporters on this story: Agnieszka Troszkiewicz in London at; Debarati Roy in New York at

To contact the editor responsible for this story: Steve Stroth at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.