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London copper rose in thin trade on Monday, with some investors picking up the battered metal after last week’s drop, as concerns over energy shortage in China calmed. Three-month copper on the London Metal Exchange edged up 0.2% to $9,147.50 a tonne by 0724 GMT, recovering slightly from the previous week’s 2.2% fall. Trading volume ...
London copper rose in thin trade on Monday, with some investors picking up the battered metal after last week's drop, as concerns over energy shortage in China calmed.
Three-month copper on the London Metal Exchange fell as much as 1.4% to $8,913.30 a tonne, its lowest since April 14, before rebounding to trade at $8,950 a tonne by 0702 GMT, still down 1%. The most-traded September copper contract on the Shanghai Futures Exchange ended down 3.1% at 66,790 yuan ($10,282.03) a tonne, its lowest close since June 22.
London copper prices dropped below $9,000 a tonne to their lowest in more than four months on Thursday on a stronger dollar and easing supply disruptions. Three-month copper on the London Metal Exchange fell as much as 1.4% to $8,913.30 a tonne, its lowest since April 14, before rebounding to trade at $8,950 a tonne ...
Copper prices declined on Monday on demand worries as data from top metals consumer China showed signs of a slowdown in the world’s second-biggest economy.