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Copper hits three-month high on stronger China data
Copper prices hit three-month highs on Tuesday as growing optimism about demand in top consumer China because of the country's stronger manufacturing data and a weaker dollar spurred buying, traders said. Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $9,935 a metric ton at 1008 GMT from an earlier $9,984, the highest since March 27. China's factory activity expanded in June, supported by an increase in new orders that lifted production, after contracting the previous month, a private sector survey showed. A lower U.S. currency makes dollar-priced metals cheaper for holders of other currencies, ... (full story)
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- Jul 1, 2025 6:48am Posted byFundamental Analysis239
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