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Copper, industrial metals climb on macro optimism after US midterms
SINGAPORE: Copper and the industrial metals complex rallied on Thursday amid wider macroeconomic optimism as investor sentiment was boosted by yesterday’s US midterm election results. Benchmark three-month copper on the London Metal Exchange was up 0.48% at $14,078.5 a metric ton by 0300 GMT. The most-traded copper contract on the Shanghai Futures Exchange rose 0.71% to 108,250 yuan ($16,221.85) a ton. Investors are hoping that a divided Washington will temper the worse of the policy unpredicability that buffeted global markets under the Trump administration. Oil prices fell sharply overnight,...
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