Copper prices rose 1.5%; market set eyes on China trade data
Copper prices rose around 1.5 percent in London and Shanghai on Tuesday, with markets reflecting fading confidence that Chinese buying is going into consumption against prospects of a big rise in February’s import data on Wednesday.
Richard Adkerson, chief executive of Freeport-McMoRan Copper and Gold, said:
Clearly in China, the things they are doing have a current demand impact and are going to have a demand impact.
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Mon, Mar 9, 2009
Post by Mike Rodger, Copper Reporter