Copper Futures at 2-Year High – WSJ.com

Commodities , Copper Sep 29, 2010 No Comments

Copper prices hit a two-year high Tuesday as a weaker dollar lured global investors back into base-metals markets.

 

Copper has surged more than 30% from June’s lows, lifted by improving industrial demand and concerns about global supply.

The most actively traded copper futures contract, for December delivery, settled up 1.1%, or 4 cents, at $3.6370 a pound on the Comex division of the New York Mercantile Exchange, the highest settlement price since July 2008. Nearby but thinly traded September copper ended 1.1%, or 4.05 cents, higher at $3.6340 a pound, also a two-year high.

via Copper Futures at 2-Year High – WSJ.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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