The Resource Investing News survey showed a fundamental change in what investors are interested in putting their money into. Since 2009, interest in copper stocks has risen by 28 percent. Remarkably, over the past year, when copper’s rally stalled, there was still an 11 percent gain in interest.
If copper closes the year near its current price of around $9,200 per tonne on the London Metal Exchange, the metal will finish the year with an impressive 35 percent gain in only six months.
Copper advanced for the third straight day, as stockpiles plummeted to a seven-month low. Stockpiles have descended for the thirteenth straight day, a sign of tightening market fundamentals. Adding extra impetus to copper’s ascent was a declining greenback.
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