Copper Prices Rise on Strong China Data

Base Metals Investing

The Wall Street Journal reported that LME copper prices are rising on stronger trade data from China. As quoted in the publication: The London Metal Exchange’s three-month copper contract was up 0.9% at $4,810 a metric ton in midmorning European trade, having hit an eight-day high earlier in the session at $4,855 a ton. “[Base] …

The Wall Street Journal reported that LME copper prices are rising on stronger trade data from China.
As quoted in the publication:

The London Metal Exchange’s three-month copper contract was up 0.9% at $4,810 a metric ton in midmorning European trade, having hit an eight-day high earlier in the session at $4,855 a ton.
“[Base] metal prices are being driven up by rising oil prices, firm Asian stock markets and positive Chinese economic data,” said Commerzbank AG in a note.

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