Copper Rises to Record in London on Supply Outlook: LME Preview

Jan 19 (Bloomberg) --Copper in London climbed to a record on speculation demand will outpace supply as the global economy extends a recovery and as the dollar fell to a five-week low against the euro.

-- Copper rose $80, or 0.8 percent, to $9,780 a metric ton at 7:59 a.m. on the London Metal Exchange. Relative Strength Index 68.3.
-- Aluminum gained 0.7 percent to $2,466 a ton. RSI 54.9.
-- Zinc rose 0.7 percent to $2,453 a ton. RSI 58.4.
-- Lead rose 0.9 percent to $2,648 a ton. RSI 61.1.
-- Nickel gained 1.1 percent to $26,380 a ton. RSI 66.4.
-- Tin rose 1 percent to $27,200 a ton. RSI 63.1.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index   78.536          -0.6       -0.6
Crude oil           $91.95           0.6        0.6
Gold                $1,374.82        0.5       -3.2
MSCI World Index    1,320.7          0.4        3.2

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
U.S. MBA mortgage applications        --         2.2%     12:00
U.S. housing starts                   550K       555K     13:30
U.S. building permits                 554K       544K     13:30