Copper gains
By Reuters
February 02, 2018
Melbourne : London Metal Exchange copper was trading little changed at $7,108.50 a tonne by 0607 GMT, holding one percent gains from the previous session.
Shanghai Futures Exchange copper edged down 0.1 percent to 53,040 yuan ($8,430) a tonne.
London copper traded barely changed on Thursday, supported by optimism over the outlook for global manufacturing but pressured by expectations that demand could tail off ahead of the Lunar New Year in mid-February.
"The physical market for copper cathodes (has) remained calm," said European copper product maker Aurubis in a report.
"In China, demand was restrained ahead of the Lunar New Year festivities there in mid-February and the European market also showed only limited buying activity."
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