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Copper rebounds on China stockpiling, stronger risk sentiment
Benchmark three-month copper on the London Metals Exchange gained 3.6percent to USD13,360 a metric ton in official open-outcry trading, having sunk to a three-week low in the previous session. LME copper soared to a record peak of USD14,527.50 on Thursday, fuelled by speculative buying, then plunged 14.5percent from that high to an intraday low on Monday. “Today’s bounce is sending quite a strong signal that the underlying appetite for metal exposure has not suddenly suffered a sudden death,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. “Also, that headline about China increasing ... (full story)
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- Feb 3, 2026 10:14pm Posted byFundamental Analysis161
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