Copper gains on supply concerns; Fed rate decision eyed

From brecorder.com

Copper advanced on Wednesday and hovered near a peak set this week, as supply concerns underpinned overall bullishness around the metal, while the market turned its attention to the US Federal Reserve’s interest rate decision next week. The most-traded copper contract on the Shanghai Futures Exchange reversed the session’s initial losses to close daytime trading 0.13% higher at 89,210 yuan ($12,630.79) per metric ton, extending gains to the eighth straight session. Shanghai copper followed the benchmark three-month copper in London, which eased from an all-time high on lower risk appetite and profit-taking. But ... (full story)