Copying and distributing are prohibited without permission of the publisher

Shanghai copper gains as China pledges Europe help

February 15, 2012 - 07:56 GMT Location: Shanghai

KEYWORDS: SHFE , Shanghai , copper , aluminium , zinc , lead , price

Shanghai Futures Exchange copper climbed for the first time this week on Wednesday as sentiment improved after China agreed to play more of a role in helping to resolve the European debt crisis.

SHFE May copper settled at 60,540 yuan ($9,609) per tonne, up 290 yuan from Tuesday. Its trading volume also increased 11% to 429,454 lots. China, which holds the world’s largest currency reserves, can provide help through avenues including the central bank and its sovereign wealth fund, according to Bank of China Governor Zhou Xiaochuan. The nation is willing to get "more deeply" involved in helping Europe deal with its debt...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • EXPERT VIEW: China remains amazing

    While world stock markets tremble, life continues pretty much as normal on the streets of Shanghai, Beijing and Shenzhen. No one is even particularly talking about a fear of recession.

  • IZA CONF: Six things we learned at the Inner Mongolia zinc conference

    Metal Bulletin was at the International Zinc Assn’s 2nd Zinc Smelting & Environment Conference in Chifeng, Inner Mongolia, last week. Below is a summary of the six things we learned there:

  • HOTTER ON METALS: Miners' productivity problem

    In their attempts to create value in the post-2008 downturn world, mining firms did everything they could to achieve efficiency at their physical assets. But the drive by mining companies for productivity has stalled.

Upcoming Events

MB Glossary


From Aluminium to Zinc...
Search this free glossary on metals