Copper Advances as European Debt Concerns Ease; Nickel Jumps
This article is for subscribers only.
Copper rose for the second straight day on speculation that support from Japan and China for the European Union will help avoid a drop in metal demand. Nickel prices climbed to an eight-month high.
Japan may extend purchases of bonds sold by a European financial-aid fund, two government officials familiar with the matter said. Yesterday, copper gained 2 percent as Japan said it would follow China, the world’s biggest metal user of the metal, in purchasing debt.