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[copper for LME delivery closed higher thanks to improved risk appetite] 17:00 London time (01:00 Beijing time)), LME copper for three-month delivery rose 0.93 per cent, or $87.50, to $9534 a tonne, but was still below last month's highs of $9920 a tonne and May highs of $10747.50 a tonne.
Investors weighing up the impact of the omicron coronavirus variant on economic growth turned a little more bullish after two days of selling.
[LME copper prices rise to an one-month high due to improved demand] 17:00 London time (01:00 Beijing time on November 25th)), LME copper for three-month delivery rose $124.5, or 1.28%, to close at $9835.00 a tonne, after hitting its highest level since Oct. 26, at $9880.
Copper prices rose to their highest in a month on Wednesday, with other industrial metals also climbing after top consumer China announced measures to shore up its property sector.
Copper prices are due to extend their decline next year from record levels touched in 2021 as mine supply ramps up and economic growth tapers in top market China, a Reuters poll found. Benchmark copper soared to a record peak of $10,747.50 a tonne in May, but has retreated about 10% since then, weighed down ...