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Copper gives up gains as strong dollar and oil weigh
LONDON: Copper prices gave up early gains spurred by top consumer China’s return to the market on Thursday, with a strong dollar and rising oil prices offsetting concerns over tight supplies. Benchmark three-month copper on the London Metal Exchange was down 0.4% at $14,415 a metric ton in official open outcry activity, having earlier touched its strongest since September 25 at $14,646.50. Early expectations that Chinese buyers could restock after the country’s week-long holiday lent support to prices, said CRU principal analyst Craig Lang, noting low market stocks and mounting mine supply ris...
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