(Bloomberg) -- Copper futures in Asia rose after a
report showed faster-than-expected economic growth in the U.S.,
indicating demand may increase in the world's second-largest
consumer of the metal.
The U.S. economy expanded at a 3.4 percent annual rate in
the second quarter, the fastest in more than a year, as
commercial construction soared, the Commerce Department said
July 27. Construction is the main market for copper in the U.S.,
accounting for almost half of its use.
Read more at Bloomberg Commodities News
report showed faster-than-expected economic growth in the U.S.,
indicating demand may increase in the world's second-largest
consumer of the metal.
The U.S. economy expanded at a 3.4 percent annual rate in
the second quarter, the fastest in more than a year, as
commercial construction soared, the Commerce Department said
July 27. Construction is the main market for copper in the U.S.,
accounting for almost half of its use.
Read more at Bloomberg Commodities News
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