• Read our RSS feeds
  • Join the Metal Bulletin group on LinkedIn
  • Follow us on Twitter
  • Follow us on Youtube

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

Upcoming Events

MB Glossary

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