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Copper Gains with Other Metals as China Returns in Positive Mood

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Copper Gains with Other Metals as China Returns in Positive Mood Copper rose alongside other metals as Chinese traders returned in a buying mood from a week-long holiday that had temporarily muted activity in Asian markets. Futures on the London Metal Exchange rose as much as 1.2% on Thursday, climbing immediately after the opening of China’s main bourse. Other major contracts on the LME also rallied, as did iron ore futures in Singapore.

Copper Gains with Other Metals as China Returns in Positive Mood Copper rose alongside other metals as Chinese traders returned in a buying mood from a week-long holiday that had temporarily muted activity in Asian markets. Futures on the London Metal Exchange rose as much as 1.2% on Thursday, climbing immediately after the opening of China’s main bourse. Other major contracts on the LME also rallied, as did iron ore futures in Singapore.
Chinese (ORG) Asian (ORG) the London Metal Exchange (ORG) China (LOCATION) LME (ORG) Singapore (LOCATION)
Originally published by Bloomberg Markets Read original →