Friday, July 29, 2005
Copper reaches all-time high
FT via Yahoo
Copper prices broke through the $3,500 a tonne level for the first time ever in nominal terms on Thursday as copper inventories hovered around long-term low levels. The price was also pushed higher on recent US data that suggests that demand for metals may be stronger than expected.
Copper prices broke through the $3,500 a tonne level for the first time ever in nominal terms on Thursday as copper inventories hovered around long-term low levels. The price was also pushed higher on recent US data that suggests that demand for metals may be stronger than expected.
Labels: Copper
