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Copper rises on strong China demand
SINGAPORE: Copper prices rose on Tuesday, as strong demand in top consumer China pushed the metal back towards its record high. Benchmark three-month copper on the London Metal Exchange was up 0.61% at $14,750.5 a metric ton by 0300 GMT, rising for a sixth straight session. The most-traded copper contract on the Shanghai Futures Exchange jumped 1.56% to 111,670 yuan ($16,675.88) a ton, also helped by renewed speculative support. The Yangshan copper premium, a gauge of Chinese appetite for imported copper, fell to $119 a ton on Monday, but was still 65% above the start of the month. Available c...
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