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Cooper Prices Higher on Friday

By Metals Channel Staff, Friday, April 20, 3:04 PM ET
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Copper prices were higher by 2 percent on Friday, gaining ground after an unexpected rise in German business sentiment. The London Metal Exchange (LME) three-month copper rose $140 to finish at $8,190 per metric ton (1.1023 tons). In New York, the May COMEX contract was higher by 7.05 cents or 1.9 percent to settle at $3.6980 per pound. This was the best weekly performance since late February.

A quick look at several companies in the sector: Freeport-McMoRan Copper and Gold (NYSE:FCX) is trading lower by about eight tenths of a percent, Southern Copper Corporation (NYSE:SCCO) is trading higher by about two tenths of a percent, and Sterlite Industries (SLT) is trading lower by about six tenths of a percent.

This Article's Word Cloud:   COMEX   Copper   Corporation   Earnings   Exchange   February   Freeport   Friday   German   Gold   London   Market   McMoRan   Metal   NYSE   Price   SCCO   Sterlite   York   about   after   best   business   companies   contract   copper   eight   finish   gaining   ground   higher   late   look   lower   month   percent   performance   quick   rise   rose   sentiment   settle   several   since   tenths   three   tons   trading   unexpected   were

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