Copper climbs as Chinese traders return from holiday | Metals Mine

  • Copper climbs as Chinese traders return from holiday

    From brecorder.com

    Copper pulled higher on Tuesday as Chinese traders return to the market after holiday, while caution stemming from rising inventories and US tariff uncertainties persists. The most-active copper contract on the Shanghai Futures Exchange climbed 1.40% to 102,190 yuan ($14,817.88) a metric ton as of 0300 GMT on the first day of the reopening of the exchange after China’s nine-day Lunar New Year break. The benchmark three-month copper on the London Metal Exchange, meanwhile, gained 2.29% to $13,163.50. Copper stocks sitting in LME-registered warehouses are quickly building up since mid-January, totalling 241,825 tons, ... (full story)

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