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

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)