Copper Rises to Record, Aluminum, Nickel Climb as China Grows – Bloomberg.com

Aluminum , Commodities , Copper , Metals Feb 01, 2011 No Comments

Copper rose to a record on signs demand will remain robust in China, the world’s biggest consumer of the metal used in cars, homes and appliances. Aluminum and nickel climbed to two-year highs.

China’s manufacturing expanded last month, according to data from the country’s logistics federation and a purchasing managers’ index from HSBC Holdings Plc and Markit Economics. Global economic growth of 4 percent this year and next will mean similar gains in industrial-metals demand for both years, led by increases for aluminum and nickel, Credit Agricole SA said.

via Copper Rises to Record, Aluminum, Nickel Climb as China Grows – Bloomberg.com.

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.