Copper Jumps to 27-Month High on Dollar; Tin Advances to Record
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Copper in London and New York climbed for a second day to the highest level in almost 27 months on expectations the dollar will weaken further as the Federal Reserve may join Japan’s central bank in taking quantitative easing measures to stimulate growth. Tin advanced to a record.
Copper for three-month delivery on the London Metal Exchange rose as much as 1.6 percent to $8,308 a metric ton, the highest price since July 15, 2008, and traded at $8,287 at 2:13 p.m. in Singapore. Zinc, lead, nickel and aluminum increased to five-month highs.