US MIDDAY: copper surges

07 Feb, 2009

US copper futures rose to their highest levels in nearly two weeks early Friday as strength from Shanghai markets this week drove momentum and helped override worse-than-expected employment data in the US. Copper for March delivery firmed 8.10 cents, or 5.4 percent, to $1.5810 a lb by 10:37 am EST (1537 GMT) on the New York Mercantile Exchange's COMEX division.
-- Ranged from $1.5085 to $1.5950, its highest level since January 27.

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