Copper Price Up as US Debt Concerns Ease

  • Friday, October 11, 2013
  • Source:

  • Keywords:Copper Price London Metal Exchange copper trade
[Fellow]
[Ferro-Alloys.com] The London Metal Exchange copper price advanced in early Asian trading on Friday on indications that the US budget talks were making progress.
 
Three-month copper traded at $7,175 per tonne at 03:14 London time, up $32.5 from its opening price. “Market confidence increased as the possibility of the US debt default greatly reduced, helping metal price,” an analyst from Cifco said.
 
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
  • [Editor:editor]

Related News

·India Ratings Maintains Negative Outlook on Tata Steel10-10
·Tata Steel might Sell Assets Worth $1.2 bn: Sources10-10
·Steel Demand in India to Grow at 3.4% in 2013: World Steel Associa...10-10
·Turkey’s Imports of Flat Alloy Steel Slump in August10-10
·Turkey’s Scrap Imports Drop in August10-10

Tell Us What You Think

please login!   login   register
Please be logged in to comment!