Copper Pushes Higher With Metals Set for Fourth Weekly Advance
Copper, aluminum and other industrial metals pushed higher, extending a powerful rally on concerns about tightening supplies, a surge of shipments to the US and rising investor enthusiasm for commodities.
Nickel, tin and copper all gained more than 2% in London, with the red metal rising back toward a record above $13,300 a ton reached earlier this week. The six base metals tracked by the LMEX Index are on course for a fourth, consecutive weekly gain, the longest winning run since August.