Copper Jumps With U.S. Jobs Report Signaling Robust Recovery
- Metal rises after the U.S. adds the most jobs in seven months
- ‘A lot of copper’ is needed for Biden’s infrastructure plan
This article is for subscribers only.
Copper prices advanced the most in six weeks in New York on signs the U.S. economy will see a strong rebound.
A better-than-expected U.S. jobs report on Friday fueled optimism that the world’s largest economy will recover from the pandemic faster than other countries. More vaccinations and fewer business restrictions are supercharging the labor market, with U.S. employers adding the most jobs in seven months in March.