Bloomberg News

Copper May Rise a 3rd Day on Demand Outlook: LME Preview

March 27, 2012

Copper may advance for a third day in London on speculation demand will be supported by signs of improvement in the U.S. economy and progress in containing Europe’s sovereign debt crisis.

Market News:

Metals News:

Metal Prices:

-- Copper gained 0.2 percent to $8,551 a metric ton by 7:46
a.m. on the London Metal Exchange. Relative Strength Index 55.
-- Aluminum rose 0.2 percent to $2,190 a ton. RSI 43.
-- Zinc advanced 0.3 percent to $2,026 a ton. RSI 46.
-- Lead gained 0.2 percent to $2,005 a ton. RSI 39.
-- Nickel jumped 0.9 percent to $18,301 a ton. RSI 35.
-- Tin advanced 1.3 percent to $22,750 a ton. RSI 45.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   79.003            0.0           -1.5
Crude oil           $106.86          -0.2            8.1
Gold                $1,689.75        -0.0            8.1
MSCI World Index    1,327.18          0.3           12.2


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
U.S. Consumer Confidence        MAR    70.1      70.8      15:00
U.S. Richmond Fed Manuf. Index  MAR      18        20      15:00





To contact the reporter on this story:
Maria Kolesnikova in London at 
mkolesnikova@bloomberg.net

To contact the editor responsible for this story:
Claudia Carpenter at 
ccarpenter2@bloomberg.net




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