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Reuters reported that copper prices climbed during Monday’s trading session. However, a rebounding euro, a weak dollar and more confirmation of China’s contracting manufacturing sectors, along with growing debt concerns from Spain held the reigns on the red metal’s price gains.
Reuters reported that copper prices climbed during Monday’s trading session. However, a rebounding euro, a weak dollar and more confirmation of China’s contracting manufacturing sectors, along with growing debt concerns from Spain held the reigns on the red metal’s price gains.
As quoted in the market news:
Benchmark three-month copper on the London Metal Exchange closed at $8,299.50 from $8,205 at the close on Friday. In Shanghai, the futures exchange is closed this week for a national holiday.
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