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Home / Metal News / SMM Morning Review - 2010/1/26 Copper Market

SMM Morning Review - 2010/1/26 Copper Market

Jan 26, 2010 10:51

SHANGHAI, Jan. 26 (SMM) -- The US stock market stopped falling following the news that Ben Bernanke will high likely remain as the chairman of the US Federal Reserve. LME copper prices closed at USD 7,465/mt, up USD 75/mt. Market has absorbed the negative impact from Obama's proposal of new banking regulations and tightening monetary policy in China. Hence, copper prices are expected to return to an upward track, and will receive further support from Ben Bernanke for second term as the chairman of the Fed.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Morning Review - 2010/1/26 Copper Market

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