May 10 (Bloomberg) -- Copper rose to $8,000 a ton for the first time as a mine closure in Mexico fueled speculation among investment funds that returns from metals will keep outpacing stocks and bonds.
Gold also rose to a 25-year high, platinum and zinc were at records and aluminum climbed above $3,000 for a second day. Copper has gained as labor disputes and production threats from Mexico to Indonesia have dented global metal stockpiles. Grupo Mexico SA, the world's seventh-largest copper miner, said today it shut the San Martin mine as a strike deepened concern about safety.
``It's hard to see how the momentum can stop at this moment,'' said Roy Carson, a London-based trader at Triland Metals Ltd., which trades on the floor of the London Metal Exchange, the world's biggest metals bourse. ``Continued speculative buying'' is stoking prices.
If you have been tracking this list you would have seen, many of these metal stocks have been on this list much before the media discovered them. AUY,Yamana Gold Inc, had a Extreme volume day 148 days ago on 12th December 2005. It has doubled since then.
AIRM,Air Methods Corp
AUY,Yamana Gold Inc
CGR,Claude Resources Inc
DBC,DB Commodity Index Tracking Fund ETF
DIL,Dyadic International Inc
ESCL,Escala Group Inc
EZM,EuroZinc Mining Corp
FLR,Fluor Corp (New)
GPRE,Green Plains Renewable Energy
GRZ,Gold Reserve Inc
HWKN,Hawkins Chemical Inc
IEO, iShares Dow Jones US Oil & Gas Exploration & Production Index Fund ETF
IHF,iShares Dow Jones US Health Care Providers Index Fund ETF
NMHC,National Med Hlth Card
TMY,Transmeridian Exploration Inc
UFPT,Ufp Technologies Inc
WRNC,Warnaco Group Inc (the)
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