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Copper supported by hopes for end to US government shutdown
Copper prices steadied on Wednesday, supported by optimism over an expected end to the U.S. government shutdown while the market awaited the release of loans data from top consumer China to gauge demand prospects. Benchmark copper on the London Metal Exchange was flat at $10,827 a metric ton at 1122 GMT. It hit a record high of $11,200 last month on mine supply shortages caused by disruptions including an accident in Indonesia. The U.S. House of Representatives is due to vote on Wednesday afternoon on a compromise that would restore funding to government agencies and end a shutdown that started on October 1. Traders ... (full story)
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The U.S. House of Representatives will vote early Wednesday evening to end the longest government shutdown in history, Rep. Steve Scalise (R-La.) said. “We’ll start the process probably around four, five o’clock. The actual vote on the bill to fund the government will probably come later, around seven o’clock,” the House majority leader told CNBC. “There’ll ...
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