Copper Investing News » Copper soars by 12 percent

Copper soars by 12 percent

March 5, 2009 @ 1:46 am In Copper Market News

Copper, the base metal whose price movements backs the industrial activity, has risen over 12% in a week.

Harish Gallipeli, research head, Karvy Comtrade, said:

A breakout of a price range caused some technical buying, which was supported by the change in London Metal Exchange (LME) warehouse statistics.

For more details, click here ^[1]

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[1] here: http://economictimes.indiatimes.com/Markets/Commodities/Copper-gains-on-rising-cancelled-warrants/articleshow/4225747.cms