Copper climbs
Melbourne
London copper climbed on Monday to its highest in four weeks after a shock miss in May's U.S. jobs data pushed back expectations for a rate rise this month and pummelled the dollar.
As a result, the dollar languished at its lowest in over three weeks in early trade, boosting the buying power for commodities of consumers paying with other currencies.
Three-month copper on the London Metal Exchange advanced by 0.8 percent to $4,726 a tonne by 0703 GMT, having earlier touched $4,748 which was the strongest since May 12. Prices rose 1.7 percent on Friday.
Copper production in Democratic Republic of Congo, Africa´s top miner of the metal, dropped 20 percent in the first quarter.
In other metals, Shfe zinc and ShFE nickel rallied more than 2 percent at one stage, pulled up by solid gains in end-use sector steel.
-
Laura Dern Reflects On Being Rejected Due To Something She Can't Help -
HBO Axed Naomi Watts's 'Game Of Thrones' Sequel For This Reason -
King Charles' Sandringham Estate Gets 'public Safety Message' After Andrew Move -
Brooklyn Beckham Plunges Victoria, David Beckham Into Marital Woes: ‘They’re Exhausted As It Seeps Into Marriage -
Lewis Capaldi Sends Taylor Swift Sweet Message After 'Opalite' Video Role -
Sarah Ferguson Joins Andrew In ‘forcing’ Their Daughters Hand: ‘She Can Lose Everything’ -
'Bridgerton' Author Reveals If Actors Will Be Recast In Future Seasons -
50 Cent Super Bowl Ad Goes Viral -
'The Housemaid' Lifts Company's Profits: Here's How -
Michael Douglas Recalls Director's Harsh Words Over 'Wall Street' Performance -
Henry Czerny On Steve Martin Created Humor On 'Pink Panther' Set -
Lady Victoria Hervey: Andrew Mountbatten-Windsor's Ex-girlfriend Proud Of Being On Epstein Files -
Huawei Could Revive Chip Technology If US Lets Guard Down, Intel CEO Says -
Dolly Parton Created One Of Her Iconic Tracks With Acrylic Nails? -
Parents Alarmed As Teens Form Emotional Bonds With AI Companion Chatbots -
Denzel Washington Surprises LeBron James