Copper in London Climbs to a Record -Shanghai Metals Market

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Copper in London Climbs to a Record

Industry News 11:00:32AM Dec 14, 2010 Source:SMM

Dec. 13 (Bloomberg) -- Copper climbed to a record after China refrained from raising interest rates even as inflation surged, and increased imports by the world’s largest consumer boosted the outlook for demand.

The metal for three-month delivery on the London Metal Exchange rose as much as 1.2 percent to $9,100 a metric ton, surpassing the previous peak of $9,091 a ton reached on Dec. 9. It traded at $9,096 a ton by 11:21 a.m. Singapore time.
 

 


 

Copper in London Climbs to a Record

Industry News 11:00:32AM Dec 14, 2010 Source:SMM

Dec. 13 (Bloomberg) -- Copper climbed to a record after China refrained from raising interest rates even as inflation surged, and increased imports by the world’s largest consumer boosted the outlook for demand.

The metal for three-month delivery on the London Metal Exchange rose as much as 1.2 percent to $9,100 a metric ton, surpassing the previous peak of $9,091 a ton reached on Dec. 9. It traded at $9,096 a ton by 11:21 a.m. Singapore time.