World Economy
0

Copper Rises

Copper RisesCopper Rises

London copper rose to the highest in almost two weeks on Wednesday and Shanghai metals surged as strong Chinese copper imports in March fanned hopes that the economy in the world’s biggest metals user is improving, Yahoo reported. Three-month copper on the London Metal Exchange had jumped 0.9% to $4,809.50, adding to 2.2% gains from the previous session. Prices earlier struck the highest since April 1 at $4,855 a ton. Shanghai Futures Exchange copper jumped by as much as 4.1% before trimming gains to end at 36,830 yuan ($5,697) a ton, still up 2.7%.

 

Financialtribune.com