The copper price rose on Thursday, as China decided to release fewer reserves metals than expected.
Copper for delivery in September rose 1.6% from Wednesday’s settlement price, touching $4.343 per pound ($9,554 per tonne) midday Thursday on the Comex market in New York.
The most-traded August copper contract on the Shanghai Futures Exchange increased 0.8% to 68,740 yuan ($10,632.14) a tonne.
Copper price rises as China decides to release less reserve than expected
Lions in the sunshine 8 july (12) by Eric Golub is licensed under CC BY 2.0
Lions in the sunshine 8 july (12) by Eric Golub is licensed under CC BY 2.0