| The copper price hit a two-week high after easing measures by China's central bank lifted hopes of growing demand for the metal, but analysts don't expect the rally to last. The London Metal Exchange spot price for copper rose to $US5755 a tonne late on Wednesday, the highest in two weeks, after the People's Bank of China cut the reserve requirement ratio for banks, while in the US, service industries expanded at a faster pace in January, with both events fuelling expectations for economic growth.
In Asian trade on Thursday, copper gave up some of its gains, slipping to $US5650 a tonne. Only a week ago the spot price for the base metal was $US5391, the lowest since July 2009...............................................Full Article: Source
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