Copper Advances in London, Shanghai, New York on Outlook for Rising Demand-Shanghai Metals Market

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Copper Advances in London, Shanghai, New York on Outlook for Rising Demand

Industry News 09:47:12AM Dec 14, 2010 Source:SMM

Dec. 13 (Bloomberg) --Copper advanced from London to Shanghai as China, the world’s largest consumer, refrained from raising borrowing costs even as inflation surged, and as the country’s imports of the metal rebounded.

The metal for three-month delivery on the London Metal Exchange rose as much as 0.8 percent to $9,065 a metric ton by 9:07 a.m. Singapore time. It reached a record $9,091 on Dec. 9.

Copper for March-delivery on the Shanghai Futures Exchange gained as much as 1.7 percent to 68,480 yuan a ton, the highest price since Nov. 12, while futures

 

 

Copper Advances in London, Shanghai, New York on Outlook for Rising Demand

Industry News 09:47:12AM Dec 14, 2010 Source:SMM

Dec. 13 (Bloomberg) --Copper advanced from London to Shanghai as China, the world’s largest consumer, refrained from raising borrowing costs even as inflation surged, and as the country’s imports of the metal rebounded.

The metal for three-month delivery on the London Metal Exchange rose as much as 0.8 percent to $9,065 a metric ton by 9:07 a.m. Singapore time. It reached a record $9,091 on Dec. 9.

Copper for March-delivery on the Shanghai Futures Exchange gained as much as 1.7 percent to 68,480 yuan a ton, the highest price since Nov. 12, while futures