Bloomberg News

Copper Jumps Most in 4 Months on China Data: LME Preview

June 11, 2012

Copper advanced the most in more than four months after imports by China, the world’s biggest consumer, surged 12 percent and Spain’s bailout request boosted the euro to a two-week high against the dollar.

Market News:

Metals News:

Metal Prices:

-- Copper jumped 2.5 percent to $7,473.50 a metric ton by 7:34
a.m. on the London Metal Exchange. Relative Strength Index 40.
-- Aluminum gained 0.6 percent to $1,997.50 a ton. RSI 40.
-- Zinc advanced 1.5 percent to $1,896 a ton. RSI 45.
-- Lead rose 0.8 percent to $1,917 a ton. RSI 40.
-- Nickel was little-changed at $16,920 a ton. RSI 49.
-- Tin rose 1 percent to $19,900 a ton. RSI 45.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   81.834           -0.8            2.1
Crude oil           $85.92            2.2          -13.0
Gold                $1,601            0.5            2.4
MSCI World Index    1,196.06          0.6            1.1


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
Italy GDP sa and wda     QoQ          -0.8%     -0.8%      9:00






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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