Copper hits near two-week high, aluminium hovers around four-year peak
From brecorder.com
London copper prices rose to a near two-week high on Wednesday, as lower oil prices eased fears of inflation and slowing economic growth, while aluminum hovered near its highest level in more than four years on supply concerns. Three-month copper on the London Metal Exchange was up 0.5% at $13,688.50 a metric ton by 0334 GMT, after hitting its highest since May 15 earlier in the session. The most-traded copper contract on the Shanghai Futures Exchange was unchanged at 105,160 yuan ($15,495) a ton. Brent crude oil prices fell and were trading near their lowest in more than a month this week, easing some concerns over ...
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