Financial Times FT.com

Chinese stockpiling spurs copper price rally

By Chris Flood

Published: March 22 2009 19:41 | Last updated: March 23 2009 11:14

Copper stockpiling by a secretive Chinese state organisation has helped trigger an impressive rally of almost 35 per cent in the price of the metal this year.

g232x copper (2f) thumb.jpgCopper’s fortunes are closely tied to the industrial cycle so the price jump, bigger than that of gold, has grabbed attention outside the commodities market, with some questioning whether it could signal a turning point for economic growth.

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