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.
-
Billie Eilish Slammed For Making Political Speech At Grammys -
Beverley Callard Announces Her Cancer Diagnosis: 'Quite Nervous' -
WhatsApp May Add Instagram Style Close Friends For Status Updates -
Winter Olympics Officially Open In Milan, Cortina With Historic Dual Cauldron Lighting -
Sciences Reveals Shocking Body Response Against Heart Attack -
Who Is Charlie Puth? Inside Awards, Hits & Journey Of Super Bowl Anthem Singer -
Jared Leto 'swings For The Fences' In 'Master Of The Universe'? -
Kelsea Ballerini, Chase Stokes Not On Same Page About Third Split: Deets -
Shanghai Fusion ‘Artificial Sun’ Achieves Groundbreaking Results With Plasma Control Record -
Princess Anne Enjoys Andrea Bocelli, Lang Lang Performances At Winter Olympics Opening Ceremony -
Ben Stiller Cherishes Working With Late David Bowie -
Anti-inflammatory Teas To Keep Your Gut Balanced -
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’