Copper rallies to 2-year highs
Benchmark copper on the London Metal Exchange ended up 3.3 per cent at $US6,225 a tonne, having earlier touched $US6,234.50 a tonne, its highest since May 2015. Gains accellerated after New York opened.
“China growth is looking stronger, it’s encouraging at a time when you would normally expect a lull,” said Cantor Fitzgerald analyst Asa Bridle. “We have a perfect combination of decent demand and tighter supplies.”