Copper increases
London
Copper rose on Monday alongside equities after the latest monthly U.S. jobs data helped buoy sentiment, but worries about demand in top consumer China kept prices near four-week lows. Benchmark copper on the London Metal Exchange was up 0.8 percent at $4,829 a tonne.
Earlier it fell to $4,789, near Friday´s $4,783, the lowest since July 12.Stock markets around the world rose as risk appetite revived following robust U.S. job growth in July that bolstered expectations of faster growth in the world´s biggest economy.
"Base is getting support from equities and strong employment growth in the U.S.," said Societe Generale analyst Robin Bhar. "China´s trade data was worse than expected on both imports and exports and copper imports were very disappointing." China´s copper imports fell 14 percent to 360,000 tonnes in July from the previous month as softer summer demand in the world´s top consumer slowed down buying.
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