Due to increased demand for copper, being demonstrated in recent years by China, prices for the metal in October, according to the LMB, have grown. Also of interest of the Middle Kingdom to the procurement of copper, contributed to the increase in prices and the weakening dollar, coupled with rumors that the Fed may soon launch a new round of dollar «pumping» of the US economy (in order to somehow spur the latter). As a result of contractual prices for copper (in terms of delivery of the goods within three months) in recent days on the London Metal Exchange rose to $ 115, thus reaching to the level of $ 8.315 / ton.
1 November 2010
Prices for copper rose
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