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London copper rises as concerns over Omicron virus variant ease

From financialpost.com

Copper prices rebounded on Wednesday on easing concerns about the new Omicron coronavirus variant that has rattled market sentiment in recent days. Three-month copper on the London Metal Exchange rose 1.4% to $9,570 a tonne by 0415 GMT, having lost 0.6% in November. The most-traded January copper contract on the Shanghai Futures Exchange eased 0.4% to 69,560 yuan ($10,932.98) a tonne, tracking overnight loss in London. The European Union drug regulator said on Tuesday existing COVID-19 vaccines would provide protection against Omicron, calming markets shaken by Moderna Chief Executive Officer saying existing shots ... (full story)

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  • Category: Fundamental Analysis