Copper Rally

The red metal may climb above $6,000

Graphic by Bloomberg Businessweek, source: London Metal Exchange

Copper is poised to top $6,000 a metric ton for the first time since early March, according to Antaike Information Development Co., a state-backed researcher in the world’s biggest consumer. Often dubbed Dr. Copper because of its role as a barometer for the world economy, the metal is set for its first monthly rise since January on optimism global growth is picking up. Further gains are in store as Chinese demand improves and the dollar weakens, Antaike said, noting power-grid investment and air-conditioner sales accelerated last month.

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