Copper in London Advances to a Record as Market Reopens After Holidays-Shanghai Metals Market

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Copper in London Advances to a Record as Market Reopens After Holidays

Industry News 01:42:25PM Dec 29, 2010 Source:SMM

Dec. 29 (Bloomberg) --Copper jumped to a record in London, catching up with gains in other metals markets as the London Metal Exchange re-opened today after a two-day holiday.

The metal for three-month delivery on the London Metal Exchange rose as much as 1 percent to $9,437.50 a metric ton, surpassing the previous peak of $9,392 reached on Dec. 21.

March-delivery copper on the Comex in New York fell 0.3 percent to $4.3165 a pound, after reaching an all-time high of $4.3350 a pound yesterday. Metal on the Shanghai Futures Exchange rose for a second day, by 0.4 percent to 69,300 yuan a ton.

 

 

 

 

Copper in London Advances to a Record as Market Reopens After Holidays

Industry News 01:42:25PM Dec 29, 2010 Source:SMM

Dec. 29 (Bloomberg) --Copper jumped to a record in London, catching up with gains in other metals markets as the London Metal Exchange re-opened today after a two-day holiday.

The metal for three-month delivery on the London Metal Exchange rose as much as 1 percent to $9,437.50 a metric ton, surpassing the previous peak of $9,392 reached on Dec. 21.

March-delivery copper on the Comex in New York fell 0.3 percent to $4.3165 a pound, after reaching an all-time high of $4.3350 a pound yesterday. Metal on the Shanghai Futures Exchange rose for a second day, by 0.4 percent to 69,300 yuan a ton.