Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 08, 2012 11:10:28

Copper on a weekly maximum

ColosseumYesterday's strengthening price of copper futures contracts were triggered speculation about a possible stimulus for the slowing Chinese economy. China is the largest consumer of industrial metals, which includes copper, in the world. According to recent data on inflation and retail sales at the moment, China is still on the way to turn to higher growth. That's the reason why there is a belief that the Chinese government take steps to support the local economy. The September copper yesterday CME rose 1.5% to 344.05 cents per pound weight.

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