Copper Market News Directory

Copper Sees Weekly Gain on Positive U.S. Housing Data

Bloomberg reported that copper prices rose 0.9 percent today, finishing at $3.223 per pound on the New York Comex, while on the London Metal Exchange, copper for delivery in three months gained 0.9 percent to reach $7,076 per metric ton. The metal gained 3.2 percent overall this week, as data from the U.S. housing market beat estimates.

Copper Edges Up, China Data Caps Price Rise

Reuters reported today that copper prices rose on Monday as some investors saw the metal as oversold. However, those gains were capped on news that new home prices in China had fallen yet again.