Bloomberg News

Copper Gains in London After China’s Exports Surge: LME Preview

February 08, 2013

Copper rose for the first time in four days after China’s total exports surged 25 percent last month, signaling more demand from the world’s largest buyer of industrial metals.

Market News:

Metals News:

Metals Prices:


-- Copper added 0.4 percent to $8,235.75 a metric at 7:20
a.m. on the London Metal Exchange. Relative strength index 59.
-- Aluminum climbed 0.3 percent to $2,105.75 a ton. RSI 56.
-- Nickel advanced 0.3 percent to $18,227 a ton. RSI 58.
-- Lead rose 0.5 percent to $2,421.50 a ton. RSI 58.
-- Tin was up 0.2 percent at $24,720 a ton. RSI 57.
-- Zinc gained 0.3 percent to $2,169 a ton. RSI 66.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     80.13           -0.1        0.5
Crude Oil            $96.10            0.3        4.7
Gold              $1,671.60            0.0       -0.2
MSCI World Index   1,401.30            0.0        4.7

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
IT Industrial Production             0.3%     -1.0%     09:00
US Trade Balance                  -$46.0B   -$48.7B     13:30
US Wholesale Inventories             0.4%      0.6%     15:00

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net

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


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