Copper Sees Marginal Rise, Still Likely to Post Third Weekly Loss

Reuters reported that although copper regained some traction after plunging to a 20-month low on Thursday, but is expected to post a third weekly loss, as concern remains about China’s economic prospects.

As quoted in the market report:

 Three-month copper on the London Metal Exchange was up 0.7 percent at $6,817 at 1055 GMT, off an intraday low of $6,692 a tonne, its weakest since October 2011. It closed at $6,770 on Thursday.

To view the whole Reuters report, click here.