Copper extended a rally to a record on mounting concern that the global economic recovery will boost consumption of the metal used in cars, homes and appliances while mining companies struggle to increase production. Freeport McMoRan Copper & Gold Inc., the worlds largest publicly traded copper miner, said the market will be tight in 2011, and for the foreseeable future.The metal has more than tripled since 2008 on rising demand from China, the worlds largest buyer.
AOH Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held