Copper prices poised for weekly gain on weaker US dollar, tariff concerns | Metals Mine

  • Copper prices poised for weekly gain on weaker US dollar, tariff concerns

    From brecorder.com

    London and Shanghai copper prices were poised to log weekly gains on Friday, underpinned by a weaker U.S. dollar and persistent concerns over possible U.S. tariffs on copper imports. The London Metal Exchange (LME) three-month copper ticked down 0.11% to $9,889 per metric ton as of 0718 GMT, having earlier hit $9,917, its highest since March 27. It was up 2.71% for the week. The Shanghai Futures Exchange (SHFE) copper rose 1.5% to 79,920 yuan ($11,148.93), having hit 80,060 yuan, or its highest since March 31. It was also up 2% for the week. “Copper prices have been driven up by topics of common interest, including ... (full story)

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