London Copper Climbs for Second Day but Eyes Worst Month Since May

  • Friday, November 2, 2012
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  • Keywords:Copper London
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[Ferro-Alloys.Com]It is reported that London copper climbed for a second session pushing further away from 2 month lows as risk appetite picked up but the industrial metal is heading for its weakest month since May as demand growth from top consumer China slows.

The metal's near term outlook has also been clouded by event risks that have deterred consumers from large scale orders, such as the U.S. presidential election on November 6th 2012 and China's leadership transition during a meeting that starts on November 8th 2012. Uncertainty has also been heightened by the super storm Sandy's impact on the US East Coast.

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