Copying and distributing are prohibited without permission of the publisher
Shanghai copper gains as China pledges Europe help
February 15, 2012 - 07:56 GMT
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.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 15 years of intelligence. Start your subscription today.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.