04.11.2014 - Copper is up, but most metals fall
Copper futures have closed up on the London Metal Exchange, after the release of better-than-forecast US ISM factory index data. THE LME's three-month copper contract was up 0.4 per cent at $US6,720.00 a metric ton at Monday's PM kerb close. The US ISM factory figure rose from 56.6 in September to 59 in October, which was bullish for prices. As the US is the world's second-biggest consumer of copper after China, prices tend to mirror its economic trajectory. This means that when economic data is strong, demand increases and prices rise accordingly...............................................Full Article: Source
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