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Fund flows drive copper to 3-week high

Print this page Posted on : 01-04-2012 by recycleinme.com

Copper hit a three-week high on Tuesday, lifted by fund allocations at the start of the year and by an expansion in China's manufacturing activity, which boosted hopes that demand for industrial metals will increase.

Three-month copper on the London Metal Exchange rose 0.78 per cent to $7,659.25 a tonne by 10:48 GMT from $7,600. Tin rose to $19,350 a tonne, while zinc rose to $1,846. Lead fell to $2,021.75, aluminium was flat at $2,020 while nickel fell to $18,444.

Source : Business Line