Copper futures surged on Thursday as investors saw an improved supply-demand outlook for the base metal following firm demand in top consumer China. Besides, improving US economic data and escalating tensions in Russia and Ukraine also supported the upside of the commodity price.
Copper futures for July delivery rose 1.6% to settle at $3.0880 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 1.24% to $6,753.00 a metric ton.
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Friday 25 April 2014
Copper futures surge on improved supply-demand outlook
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