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Copper climbed slightly on the London Metal Exchange as an outcome regarding the Greek debt talks remains uncertain and concerns surround a slowing demand for the metal, according to Reuters.
Copper climbed slightly on the London Metal Exchange as an outcome regarding the Greek debt talks remains uncertain and concerns surround a slowing demand for the metal, according to Reuters. Copper rose 0.6 percent to $5,816 a tonne, which is a switch from a trend of falling prices the metal has largely experienced since May.
In fact, copper fell to $5,642.50 on Monday, which is the lowest the metal has been in three months. That was mostly due to concern over weak demand in China. The country is the biggest producer and consumer of copper in the world.
Meanwhile, copper on the Comex picked up by $0.9, or 0.34 percent, to reach $2.62 a pound, as reported by Investing.com.
