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Copper edges up as tech rebound, lower oil lift risk appetite
SINGAPORE: Copper gained on Tuesday, lifted by easing oil prices and a tech-stock rebound, while supply tightness in China provided further support. Benchmark three-month copper on the London Metal Exchange was up 0.31% at $13,939 a metric ton by 0300 GMT. The most-traded copper contract on the Shanghai Futures Exchange edged 0.14% higher to 107,700 yuan ($16,140) a ton. Buyers in biggest consumer China are facing record premiums, amid shortfalls in copper concentrate and refined copper stocks. China’s October copper concentrate imports fell 11% compared to last year, customs data showed on Tu...
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