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Copper price strengthens on back of China’s economic stimulus and ongoing supply disruptions

From smallcaps.com.au

Positive financial news out of China along with potential supply issues have helped strengthen the copper price overnight to close at US$8,562 (around A$13,000) per tonne. Senior strategist Daniel Hynes reported that economic support measures in China have helped copper maintain its strong price position. Mr Hynes said copper again led the base metals sector after Beijing unveiled a plan to boost liquidity in its banking sector. Better-than-expected economic activity in the US also left the market more confident about the demand outlook. This comes amid heightened concerns of disruptions across the metals sector, ... (full story)

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  • Category: Fundamental Analysis