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.
