Copper edges higher, others slip on uncertainty | Metals Mine

  • Copper edges higher, others slip on uncertainty

    From brecorder.com

    Copper prices drifted higher on Tuesday, buoyed by hopes for firmer Chinese demand, but investors were cautious about the impact of tariffs on economic growth and inflation. The three-month copper contract on the London Metal Exchange added 0.2% to $9,875 a metric ton in official open-outcry trading, having hit its highest in nearly two weeks in the previous session. “The Chinese government’s working plans to stabilize industrial growth and the launch of the giant Tibet hydropower plant are all positive signals to the metals market,” a Beijing-based futures analyst said. Other LME base metals were weaker amid ... (full story)

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