Bloomberg News

Copper in London Climbs, Heads for First Weekly Advance in Three

June 16, 2011

June 17 (Bloomberg) -- Copper climbed for the first time in three days on optimism that China’s demand is improving, tempering concern about Europe’s fiscal crisis.

The metal for three-month delivery on the London Metal Exchange rose as much as 0.5 percent to $9,105.50 a metric ton, and last traded at $9,105 by 8:04 a.m. Singapore time. It is up 1.9 percent this week, set for its first weekly advance in three weeks.

To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net


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