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Copper Climbs as Orders Jump; Aluminum Advances to One-Week High
Tuesday, April 9, 2013 0:33
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Copper gained, rebounding from three consecutive weeks of losses, after data showed orders to remove the metal from warehouses jumped to the highest level in more than 15 years and amid concerns over strikes in Chile.
Copper for delivery in three months rose as much as 1.2 percent to $7,494.75 a metric ton on the London Metal Exchange, before trading at $7,480 at 3:44 p.m. Shanghai time. The metal lost 4.5 percent in the past three weeks. The August contract on the Shanghai Futures Exchange closed 1.1 percent higher at 54,590 yuan ($8,798) a ton.
