Copper Prices Rise on Positive US Manufacturing Data
Jun 2nd, 2008 | By Contrarian Profits | Category: Featured, Financial NewsCopper prices have risen in London trade on news that US manufacturing data contracted less then expected in May.
This from Casey Research:
“‘Copper’s fundamentals this year are very supportive — this is a market in deficit. We would expect to see any further drop from these levels as being short-lived,’ said Gayle Berry, metals analyst at Barclays Capital.