Shanghai copper up

08 Sep, 2012

The most-traded December copper contract on the Shanghai Futures Exchange also rose 0.8 percent to close at 56,650 yuan ($8,900) a tonne on Friday, having earlier hit 56,890 yuan, its highest since May 14. The market was supported by the European Central Bank's plan to buy bonds to shore up the region's economy.
"There are still questions as to whether the ECB programme will help calm investors and whether you'll get QE from the Fed," said Credit Suisse metals analyst Ivan Szpakowski.

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