Low stocks, China support for property sector buoy copper prices

Capt. John

London copper rose to a one-month high on Thursday, helped by China’s efforts to bolster its cash-strapped property sector and on concerns over tight global supply, while a weaker dollar made greenback-priced metals cheaper for holders of other currencies. Three-month copper on the London Metal Exchange CMCU3 was up 0.5% at $9,885.50 a tonne, as …

The post Low stocks, China support for property sector buoy copper prices first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/low-stocks-china-support-for-property-sector-buoy-copper-prices/

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