Copper edges up on China optimism but remains set for monthly decline

From brecorder.com

Copper prices were steady on Friday, supported by emerging signals of firmer demand in top metals consumer China, but gains were capped by uncertainty over potential U.S. tariffs. Three-month copper on the London Metal Exchange (LME) was up 0.1% at $9,007.50 a metric ton by 1045 GMT but set for a 5.3% decline for November. “The fundamentals are firm at the moment, it’s just that we don’t know what’s down the road in terms of tariffs, so markets are cautious to move in a decisive manner,” said WisdomTree commodity strategist Nitesh Shah. U.S. President-elect Donald Trump has threatened to impose tariffs on ... (full story)