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Print Print edition: 2012-02-04

US MIDDAY: copper surges

Published Updated

In New York, the key March COMEX contract settled up 12.05 cents or 3.2 percent at $3.9015 per lb, after dealing between $3.7775 and $3.9055. After a sluggish start to the week that saw copper back away from last week's four-month highs at $8,679.50 in London and $3.9390 in New York, prices recovered Friday to help copper post its fourth straight weekly gain.
Analysts expect the bullish momentum to continue in the week ahead.

Copyright Reuters, 2012

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