Thursday, May 3, 2007

Copper Rises on Signs of Strengthening Demand From Manufacturers in U.S.

(Bloomberg) -- Copper futures rose for a fifth straight session in New York on signs of strengthening U.S. demand for the metal used in wires and pipes.

Orders placed with U.S. factories rose the most in a year in March and manufacturing grew in April at the fastest pace in almost a year, reports showed this week. Copper, which usually moves in tandem with economic growth, has gained 5.2 percent since April 27. The U.S. is the second-biggest user of copper, after China.


Read more at Bloomberg Commodities News

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