The copper price rose on Friday following a US jobs report that provided both good and bad news for investors. US employers added hundreds of thousands more jobs than expected last month, suggesting the economy may not be in a recession. The data, however, undercut investors’ hope that high inflation may be close to peaking. Copper for delivery in September rose 2.8% on the Comex market in New York, touching $3.58 per pound ($7,876 per tonne). US factory copper orders rose in June and the service industry activity unexpectedly rebounded in July, SMM reported. On the supply side, Europe’s largest copper producer ... (full story)