Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 04, 2013 08:35:28

Copper rises along with confidence in the economic recovery

ColosseumOn Friday, the price of copper increased considerably due to the market tend to believe in the economic recovery in the world. On Thursday published data for higher economic growth in China, as well as higher profits of local companies. China is the largest consumer of copper in the world and higher performance of the local economy will certainly increase demand for this metal. Similarly positively perceive the development in the U.S.. Even though the economy here in the last quarter could not quite exemplary, and estimated it would be in the first three months of this year should be improved. The March copper on Friday, the CME finished on the value of 378.45 cents per pound weight.

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