March 11, 2008

Copper Prices Rise in Commodities Trading

Strike at copper mine boosts copper futures

Copper prices are gaining in commodities trading on the news of a tight market.

–	Commodities Market Analyst

Copper futures are up on the commodities market today as a strike at a copper mine in Papua New Guinea restricts supply. Copper prices are gaining in commodities trading on the news of a tight market. Bloomberg reports on copper prices in commodities trading:

``The concentrate market is very tight,'' said Robin Bhar, an analyst at UBS AG in London. The strike ``would help to tighten it up'' further should it last longer than a week.


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Topic Tags: copper futures commodities market, copper mine Papua New Guinea, copper prices commodities trading, spread bets copper prices, spread betting commodities, strike copper mine

by mmarquit

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