After opening the session at $7,438.5, the three-month
official copper contract settled at $7,515/7515.5 per tonne, as
speculation grew that policy makers around the globe would
increase stimulus measures. A statement by
Xstrata’s head of copper forecasting the red metal
to remain tight and demand from China to remain strong also
served to support the market today, analyst Fairfax noted.
Three-month copper reached a high of $7,522, after...