Archive · Business Recorder
Copper rebounds as supply risks, China demand lend support
SINGAPORE: London copper rose on Friday, recovering most of the previous session’s losses, as mine disruptions and strong demand in top consumer China supported prices. Benchmark three-month copper on the London Metal Exchange rose 1.08% to $14,464 a metric ton by 0300 GMT, after dropping 1.15% in the previous session. It has climbed 1.44% so far this week. The most-traded copper contract on the Shanghai Futures Exchange fell 0.61% to 110,060 yuan ($16,431.03) a ton, tracking overnight losses in London. “Copper is near record levels, supported by supply-side issues,” Daniel Hynes, senior commo...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →