Copper Moves to New High

December 8th, 2010
in Background

The Wall Street Journal reports that copper has moved to new 2 1/2 year highs, driven in part by new ETFs holding the physical metal and creating market shortages.  Near term futures (March) have traded near $4.04 a pound.

Follow up:

If China, the world's largest consumer of copper,  reduces demand because of rising interest rates designed to slow inflationary growth, the price may slacken in coming months.......

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