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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.
Copper Set for Weekly Gain (ORG) China (LOCATION) Supply Concerns Commodities Copper Set (ORG) Supply Concerns Copper (ORG) Chinese (ORG) Chilean (ORG) the London Metal Exchange (ORG)
Originally published by Bloomberg Markets Read original →