11.11.2016 - Metals soar on Trump infrastructure hopes
Metals prices soar amid hopes Trump's infrastructure policies will boost demand: zinc surges to 5.5-year high while copper and nickel find 16-month high. Copper has surged more than five per cent to a 16-month high as speculation that US infrastructure spending could jump under a Republican administration unleashed a wave of interest in industrial metals. Zinc hit a five-and-a-half-year peak and nickel was at its highest since July 2015 on expectations that US president-elect Donald Trump could boost domestic construction spending. London Metal Exchange copper hit a peak of $US5,714 a tonne on Thursday, its highest since July 2015, and closed up 3.5 per cent at $US5,601 a tonne, extending Wednesday's 3.4 per cent rise.........................................Full Article: Source
Print