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Copper Prices

Copper has been riding high in recent weeks, driven by speculative investors betting on central-bank stimulus measures.

But the gains have come against a backdrop of disappointing physical demand that threatens to drag the metal back down.

Hopes that central banks would make new moves to spur growth have been realized, which has helped the red metal to surge around 15% since early August.

For copper to sustain this recent strength, however, the physical market must play catch-up when the euphoria from the stimulus runs out, market participants say.

Copper touched a 4½-month high Wednesday at $8,422 a metric ton in intraday trading on the London Metal Exchange after the Bank of Japan followed the U.

S.

Federal Reserve in announcing further economic easing.

Separate stimulus measures in Europe and China recently have also boosted sentiment toward the metal, which is used widely in manufacturing and construction.

Enlarge Image image image However, analysts and investors are wondering how long market

MARKET TODAY/ ASE

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