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Copper rebounds on firmer risk sentiment and tight supply in China
LONDON: Copper prices recouped some of last week’s steep losses on Monday as risk sentiment improved while supply in China remained tight and the dollar slipped. Three-month copper on the London Metal Exchange (LME) rose 0.7% to $13,869 a metric ton by 1030 GMT, having lost 2.7% last week in its steepest weekly decline since March. Global stock markets nudged up from six-month lows on Monday, but the mood was fragile. “Copper is recovering as risk sentiment stabilises and tight physical supply in China returns to focus,” said ING commodities strategist Ewa Manthey, adding that the rise in spot...
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