Markets

Morning Copper Market Report 01/09

The copper market has started out with moderate gains, although prices remain well below last week's highs for 2013. While some traders feel that the copper market hasn't paid that much attention to a recent pattern of rising LME copper stocks, those stock levels have now reached up to the highest levels since early in 2012. Copper may be finding some support this morning from mostly favorable Alcoa earnings news yesterday, especially since Alcoa's forward guidance was upbeat toward demand for its products.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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