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Friday May 10, 2024

Copper higher

By Reuters
April 06, 2018

Sydney : London metals crept higher on Thursday as the global market sentiment improved after comments by the United States on China soothed concerns about an escalating trade spat between the world´s two biggest economies.

London Metal Exchange copper was up 0.4 percent at $6,753.50 a tonne by 0755 GMT, after falling 1 percent in the previous session.

Prices are rebounding from a three-month low of $6532 a tonne hit on March 23.

The Shanghai Futures Exchange was closed Thursday and Friday for China´s national Tomb Sweeping Day holiday.

The United States signalled its willingness on Wednesday to try to resolve an escalating trade dispute with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports.