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Copper edges higher on weaker US dollar, lower stocks
Copper prices inched up on Monday, supported by a weaker dollar, outflows from the warehouses registered with the London Metal Exchange and hopes of a stronger import demand in China this month. Benchmark copper on the LME added 0.1% to $9,902.50 a metric ton at 0947 GMT. Import appetite in top consumer China also underpinned the market, with the Yangshan copper premium up 1.8% to $58 a ton, its three-month high. China's yuan hit a one-week high against the U.S. currency, making dollar-priced metals more attractive for the Chinese buyers. Chinese imports of unwrought copper in August fell from the July to 425,000 ... (full story)
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- Sep 8, 2025 6:35am Posted byFundamental Analysis207
