close
Thursday May 02, 2024

Copper rises

By REUTERS
November 28, 2017
London copper touched a one-month high above $7,000 a tonne on Monday, amid signs of resilience in China´s industrial sector that suggested a cooling, but still healthy, appetite for metals.
London Metal Exchange copper hit $7,024 a tonne, its highest in a month,
and is on track for a 26 percent annual gain, which would be its biggest since 2010.
The metal eased to be flat at $7,005 a tonne by 0146 GMT, still holding a half-percent advance from the previous session.
Shanghai Futures Exchange copper rose 0.7 percent to 54,500 yuan ($8,252) a tonne, having struck its highest in around three weeks.
Open interest in Shfe´s January copper contract is the highest in 18 months, which as prices have generally risen suggests bets that prices will scale new heights early next year.