Copper, aluminium and nickel all reached new year-to-date highs during morning trading on Wednesday February 10, on a lower United States dollar index and positive economic data out of China on the day before the start of the Lunar New Year holidays.
The three-month copper price rose to $8,302.50 per tonne on Wednesday morning, its highest level in eight years, since February 2013. Nearly 13,000 lots of the metal had been traded by 9am, more than last week's average of 12,200 lots.Copper, together with the rest of the base metals...