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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   Definition   Definitions   Earnings   February   Freeport   German   Gold   Industries   London   Market   McMoRan   Metal   NYSE   Price   Relevant   SCCO   Southern   Sterlite   Stock   This   about   after   best   business   cents   contract   copper   finish   gaining   higher   late   look   lower   metric   month   percent   pound   prices   rise   rose   sector   several   since   tenths   three   trading   weekly

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