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Copper rises with signs of active demand from China
LONDON: Copper prices rose on Wednesday, supported by signs of active demand in top consumer China, though traders remained wary of potential volatility ahead of the U.S. Federal Reserve’s interest rate decision. Three-month copper on the London Metal Exchange gained 1.1% to $14,231 a metric ton in official open-outcry trading. The metal, used in power and construction, is down 4% since hitting a record high of $14,875 last week, as the premium of the COMEX copper futures against London prices fell sharply. Meanwhile, the Yangshan copper premium, a gauge of Chinese demand for imported copper, ...
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