Copper prices supported by China’s measures
Views : 43
Update time : 2024-02-08 16:19:38
Copper prices went up for the first time in five sessions on February 6 due to the efforts of China to stabilize its markets. The other reasons included a weaker dollar and a drop in LME inventories.
Copper for March delivery rose to US$3.78 a pound on the Comex market in New York, rising by 0.3% from Monday's closing.
The slightly lower US dollar made dollar-denominated metals more attractive to buyers using other currencies. The upcoming Lunar New Year holiday limits China's near-term demand.
Malaysian Anti-Corruption Commission raids lead to arrest of state official linked to illegal bauxite mining in Kuantan
Chinalco together with Dalian Liaonan Shipyard unveils joint innovation centre for ship equipment
SMM alumina price opens the week with a growth of RMB22/t; Australian alumina FOB price rises by US$37/t
