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Copper set for second straight monthly fall on demand worries
Copper prices rose on Friday but were on track for a second straight monthly fall, pressured by demand concerns amid possible U.S. tariffs and a lack of aggressive Chinese stimulus. Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.5% to $9,044.50 per metric ton by 0236 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 advanced 0.2% to 74,010 yuan ($10,227.89) a ton. The dollar eased, making greenback-priced metals cheaper to holders of other currencies. However, both contracts were heading for a second straight monthly loss on concerns that U.S. ... (full story)
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- Posted: Nov 29, 2024 2:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 98
