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Copper Set for Weekly Gain on China’s Return and Supply Concerns
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Commodities Copper Set for Weekly Gain on China’s Return and Supply Concerns Copper headed for a weekly gain, as signs of Chinese demand and possible supply disruption at a Chilean mine boosted the metal. Futures rose as much as 1.2% on the London Metal Exchange on Friday, gaining after trading began on the main rival Chinese bourse. Inventories in the top consumer are low following a national holiday, meaning restocking may take place in the weeks ahead.
Commodities
Copper Set for Weekly Gain on China’s Return and Supply Concerns
Copper headed for a weekly gain, as signs of Chinese demand and possible supply disruption at a Chilean mine boosted the metal.
Futures rose as much as 1.2% on the London Metal Exchange on Friday, gaining after trading began on the main rival Chinese bourse. Inventories in the top consumer are low following a national holiday, meaning restocking may take place in the weeks ahead. A gauge of import demand hit a four-year high.