Summary Box: Copper rises on demand expectations

AP News
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Posted: Feb 08, 2012 4:07 PM
Summary Box: Copper rises on demand expectations

COPPER CLIMBING: Copper prices hit their highest level since September on expectations that demand will pick up after China announced a plan to create millions of jobs. The price of copper has increased nearly 14 percent this year.

WAITING ON USDA: Agriculture contracts were mixed ahead of a U.S. Agriculture Department report Thursday that will update global supply and demand estimates. Some investors expect South American corn and soybean production to be cut because a drought likely damaged crops.

WINNERS, LOSERS: Industrial metals and oil rose. Gold and silver fell.