METALS-Copper edges higher as Chinese liquidity worries ease
Copper prices edged higher on Monday as investors were relieved that China, the world's biggest metals consumer, might not be tightening credit as much as expected.
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Copper prices edged higher on Monday as investors were relieved that China, the world's biggest metals consumer, might not be tightening credit as much as expected.
Message : Required fields HANOI, Jan 26 (Reuters) - Copper prices edged down on Tuesday, hit by uncertainties about the outcome of a $1.9 trillion U.S. stimulus package proposed by new President Joe Biden, which is expected to boost demand for metals. Three-month copper on the London Metal Exchange fell 0.6% to $7,925.50 a tonne by 0730 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange ended down 0.6% to 58,470 yuan ($9,030.53) a tonne. Biden is pushing for a sweeping pandemic relief proposal, but Democratic Majority Leader Chuck Schumer warned a comprehensive ...
Copper prices were steady in lacklustre trade on Tuesday as global investors eyed an upcoming speech by U.S. Treasury Secretary nominee Janet Yellen that could determine the tone of policy in the world's largest economy.
HANOI — Copper prices advanced on Monday as traders bet on prospects of improved demand, after top metal consumer China posted stronger-than-expected growth…
Copper prices climbed to their highest in nearly eight years on Wednesday amid hopes for more U.S. stimulus as Democrats edged closer to taking control of the Senate.