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Copper rises as Chinese demand expectations add to speculative momentum
LONDON: Copper prices rose for a fifth consecutive session on Monday, edging closer to record highs as expectations of a seasonal pickup in demand in the world’s biggest consumer China sustained speculative buying. Benchmark three-month copper on the London Metal Exchange was up 0.9% at $14,654 a metric ton by 0957 GMT, after touching $14,710.5, its highest level since September 10, when it hit a peak of $14,875. Renewed speculative demand has pushed copper higher after funds cut their net long positions in Comex copper futures in a week to September 15 as the White House has yet to decide on ...
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