By Glenys Sim
Oct. 13 (Bloomberg) -- Copper futures on the London Metal Exchange climbed 3.1 percent on a plan by the U.S. government to buy stakes in banks and as European leaders agreed to guarantee bank borrowing.
The metal for delivery in three months gained $150 to $4,940 a metric ton at 8:05 a.m. Singapore time.
To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net
Monday, October 13, 2008
Copper on the London Metal Exchange Rises 3.1 Percent to $4,940
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