(Financial Times) Copper prices reached a fresh nominal high yesterday, on the day that Kazakhmys, a Kazakh copper miner, announced plans to list on the London Stock Exchange.
Analysts said the rise was driven by hedge fund buying prior to the end of the quarter, rather than by any fundamental trend.
Copper for three-month delivery peaked at $3,812 a tonne on the London Metal Exchange, 1 per cent above Monday’s $3,775 close, before easing to $3,780.
