Live Breaking News & Updates on Metals Update 4|Page 2

Stay updated with breaking news from Metals update 4. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

METALS-Copper rises as speculative clear-out makes way for further gains


By Reuters Staff
(Updates with official prices)
LONDON, March 10 (Reuters) - Copper prices rose on Wednesday as traders hoped a pullback from 10-year highs had run its course and the metal’s spectacular rally would resume.
Strong demand from China and expectations of years-long supply shortages encouraged a wave of speculative buying that drove prices to $9,617 on Feb. 25, their highest since 2011.
The rally was punctured by fears that a speculative bubble was forming and a spasm of caution on wider markets caused by a spike in U.S. bond yields, but prices have begun to recover from a low of $8,570 last week. ....

Han I , Republic Of , City Of , United Kingdom , Mai Nguyen , Nitesh Shah , Peter Hobson , Jan Harvey , Los Pelambres , Marex Alastair Munro , Marex Spectron , Thomson Reuters Trust Principles , London Metal Exchange , Shanghai Futures Exchange , Alastair Munro , Thomson Reuters Trust , Metals Update 4 , Asia Pacific , Base Metals , Basic Materials Trbc Level 1 , Central Banks Bank Events , China Prc , Commodities Markets , Currency Intervention , East Asia , Emerging Market Countries ,