Copper Holds Steady at $7,295 a Tonne

Copper prices changed little on Monday from the previous session. While other metals were impacted by a possible U.S. government shutdown, the industrial metal was supported by steady global growth, Reuters reported.

Three-month copper prices on the London Metal Exchange were at $7,295 a tonne – down just $5 from the close of the previous session, according to the source.

Positive manufacturing data from China helped copper today, Bloomberg reported. China is the world’s largest consumer of the metal.

Yet, uncertainty in the U.S., the second-largest copper consumer, kept copper prices from rising very much, the source said. On the Comex in New York, copper futures for December delivery were down $0.003 to $3.33 a pound, according to Bloomberg.