Copper surged to longest monthly winning streak
Copper surged in London, adding to its longest monthly winning streak in three years, as dwindling inventories of the metal and increased industrial production in Asia suggest demand is strengthening.
Copper prices surged more than 3 per cent to 13-month highs on Wednesday, reaching above $3 per pound in New York, as the dollar weakened and BHP Billiton declared force majeure at the world's fourth-largest copper mine.