Copper rose to a four-month high yesterday as optimism about Chinese demand buoyed the industrial metals markets amid tightening supplies.
The metal’s sensitivity to the strength of the global economy has earned it the nickname Dr Copper and its rise to within $400 of a two-year high is seen by some as evidence that fears of a double-dip recession are overdone.
Analysts said the copper market was responding to strong demand as well as the prospect of tightening supply as mine production disappoints.
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