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Firmer China factory data lift copper, other base metals
Copper prices rebounded from two sessions of losses on Wednesday on better-than-expected private factory data from top metals consumer China. Aluminium prices extended gains to the highest in over a month on supply worries from the widening war in the Middle East, a key producer of the metal. Benchmark three-month copper on the London Metal Exchange gained 1.5% to $13,150 a metric ton by 1030 GMT. LME copper had shed 3% over the past two sessions on worries that the Mideast conflict will undermine economic growth and metals demand. China’s factory data was mixed, with the official purchasing managers’ index ... (full story)
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