Copper Nears $10,000 –

Copper continued to rise and is near $10,000 per metric ton.  In recent trading on the London Metals Exchange,  copper with a 3 month delivery date was trading at $9,860.  Demand for copper has increased as the economic outlook has improved in America and China.  Recently, stockpiles of copper have fallen for the first time since 2004.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2011-02-02/copper-may-extend-record-run-to-10-000-per-ton-as-recovery-accelerates.html

Jim Sutliff

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