copperwikimediacommons Source: Wikimedia Commons

Copper Prices: Wall Street Journal says China in the middle of the latest swing in copper prices (again)

Copper prices are up more than 20 cents per pound in just two months, and it looks like China, the world’s biggest market for the red metal, continues to move the copper market more than any other nation.

Here’s what one copper trade had to say in the Wall Street Journal article, "Copper Futures Surge to Two-Month High on China Hopes”:

"China is the only game in town for copper these days," said James Cordier, founder of Liberty Trading Group. "It appears the leadership is serious about not letting the economy contract too much, and that puts a real floor under copper prices."

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