Copper Futures Increase on Speculation Japan’s Demand to Gain -Shanghai Metals Market

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Copper Futures Increase on Speculation Japan’s Demand to Gain

Industry News 09:03:57AM Mar 18, 2011 Source:SMM

March 18 (Bloomberg) -- Copper futures in New York rallied for a third day amid speculation that demand may increase as Japan rebuilds after last week’s earthquake and tsunami.

The May-delivery contract rose 0.4 percent to $4.3610 a pound at 10 a.m. Melbourne time, after jumping 3.5 percent yesterday.
 

 

 

Copper Futures Increase on Speculation Japan’s Demand to Gain

Industry News 09:03:57AM Mar 18, 2011 Source:SMM

March 18 (Bloomberg) -- Copper futures in New York rallied for a third day amid speculation that demand may increase as Japan rebuilds after last week’s earthquake and tsunami.

The May-delivery contract rose 0.4 percent to $4.3610 a pound at 10 a.m. Melbourne time, after jumping 3.5 percent yesterday.