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Copper hits one-month peak on strong China factory data, weak US dollar
Copper prices crept to their highest in more than a month on Monday, supported by upbeat manufacturing data from top metals consumer, China, and a weaker dollar. Three-month copper on the London Metal Exchange was down 0.2% at $9,886 a metric ton after touching its highest since July 24 at $9,947. LME copper has gained 12% this year, having rebounded from $8,105 in early April, the weakest in more than 16 months. Investors took heart from a private sector survey on Monday that showed China’s factory activity in August expanded at the quickest pace in five months on the back of rising new orders. “Macro and ... (full story)
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