Copper makes its up move.

Copper metal has increased to its maximum height in over a year, it works out at 3.05 cents at $3.5840 per lb. It grew at $3.6060 per lb, which is incredible work since summer 2008.

“For copper, demand is moving higher and the global economy is recovering,” he said. “Now there are increasing signals coming out of the U.S. that the recovery is a lot better than it was.

“All of that is leading to greater demand expectations.” Says Bart Melek

TCM Expections wrong, increases show.

Thompson Creek Metals have announced that they have a better expected profit from the last quarter than they assumed.

“The medium-term outlook for molybdenum prices remains favorable, especially as the world industrial economy returns to a more normal growth rate and that growth stimulates additional demand for molybdenum,” Kevin Loughrey stated.

TCM reported that molybdenum fabrication increased to £32m from an expected £29m.

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