Copper surges
Sydney : London copper hit a fresh four-year high on Thursday on signs of strong demand from China next year.
Commodities traders said some profit taking emerged at the higher end of copper´s price rise, but was held in check somewhat by a weaker U.S. dollar.
Non-U.S. holders of U.S. dollar-denominated commodities, such as London Metal Exchange contracts, typically sell into a stronger dollar.
Three-month copper on the London Metal Exchange rose 0.8 percent to $7,297 a tonne by 0700 GMT, its highest since January 2014, when it hit $7,460 a tonne, according to Thomson Reuters data.
Prices of the metal used widely in power and construction are up 30 percent in the year to date.
The most-traded copper contract on the Shanghai Futures Exchange ended 1.2 percent up at 55,770 yuan ($8,525.44) a tonne.
-
Extreme Cold Warning Issued As Blizzard Hits Southern Ontario Including Toronto -
Lana Del Rey Announces New Single Co-written With Husband Jeremy Dufrene -
Ukraine-Russia Talks Heat Up As Zelenskyy Warns Of US Pressure Before Elections -
Lil Nas X Spotted Buying Used Refrigerator After Backlash Over Nude Public Meltdown -
Caleb McLaughlin Shares His Resume For This Major Role -
King Charles Carries With ‘dignity’ As Andrew Lets Down -
Brooklyn Beckham Covers Up More Tattoos Linked To His Family Amid Rift -
Shamed Andrew Agreed To ‘go Quietly’ If King Protects Daughters -
Candace Cameron Bure Says She’s Supporting Lori Loughlin After Separation From Mossimo Giannulli -
Princess Beatrice, Eugenie Are ‘not Innocent’ In Epstein Drama -
Reese Witherspoon Goes 'boss' Mode On 'Legally Blonde' Prequel -
Chris Hemsworth And Elsa Pataky Open Up About Raising Their Three Children In Australia -
Record Set Straight On King Charles’ Reason For Financially Supporting Andrew And Not Harry -
Michael Douglas Breaks Silence On Jack Nicholson's Constant Teasing -
How Prince Edward Was ‘bullied’ By Brother Andrew Mountbatten Windsor -
'Kryptonite' Singer Brad Arnold Loses Battle With Cancer