Copper Rises as Global Recovery Strengthens; Tin Jumps to Record
This article is for subscribers only.
Copper rebounded from the biggest drop in two months on signs that the global economic recovery will strengthen, boosting demand for the metal used in buildings and electricity-transmission grids. Tin reached a record.
Business confidence in Germany unexpectedly climbed to a record in January, while French business sentiment advanced to a three-year high. China’s economic expansion accelerated by 9.8 percent in the fourth quarter compared with 9.6 percent in the previous three-months. In the U.S., applications for jobless benefits fell more than forecast, and the index of leading indicators topped estimates.