Copper Heads for Biggest Weekly Gain Since December
This article is for subscribers only.
Copper futures capped the biggest weekly advance since December on speculation that demand will increase in China, the world’s biggest buyer, amid declining stockpiles.
Markets opened today in China after the week-long Lunar New Year holiday. Inventories at warehouses monitored by the London Metal Exchange have declined 16 percent this year to the lowest since December 2012. Last week, futures tumbled 2.3 percent, the most since August.