Copper touches near month high on China demand, Comex premium holds

Copper touches near month high on China demand, Comex premium holds

From brecorder.com

Benchmark copper prices touched the highest in nearly a month on Friday, propelled by firmer demand in top metals consumer China, while U.S. prices held their premium over London ahead of expected U.S. tariffs. Three-month copper on the London Metal Exchange (LME) was up 0.5% at $9,121 per metric ton by 1100 GMT, after touching $9,145, the highest since Dec. 12. “The broader backdrop looks slightly bearish, but China looks good actually in terms of demand for base metals at the moment so that’s probably helping to push prices up a bit,” said Dan Smith, head of research at Amalgamated Metal Trading. The ... (full story)

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