SAO PAULO Miners Vale SA and BHP Group said in a joint statement on Monday they are not interested in selling their joint venture Samarco, after reports of…
By Reuters Staff
(Updates prices, adds analyst comment)
March 15 (Reuters) - Copper prices rose on Monday to their highest in almost two weeks, building on last week’s gains as industrial output growth in top metals consumer China accelerated faster than expected in January-February and concerns over global supply resurfaced.
Three-month copper on the London Metal Exchange was up 0.4% at $9,124.50 a tonne by 0350 GMT, after earlier rising to $9,199.50, the strongest since March 3.
The most-traded May copper contract on the Shanghai Futures Exchange climbed 1.1% to 67,770 yuan ($10,421.34) a tonne. Earlier in the day, it hit its highest since March 3 at 68,230 yuan.
China’s industrial output grew 35.1% in January-February from a year ago, beating a 30% surge expected in a Reuters poll and faster than the 7.3% gain in December, suggesting a sharp rebound of the world’s second-largest economy in the first quarter.
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March 15 (Reuters) - Copper prices rose on Monday to the
highest levels in almost two weeks, building on last week s
gains as top metals consumer China released upbeat economic
activity data and as concerns over global supply resurfaced.
China s industrial output grew 35.1% in January-February
from a year ago, beating a 30% surge expected in a Reuters poll
and faster than the 7.3% gain in December.
Three-month copper on the London Metal Exchange was
up 1.1% at $9,185.50 a tonne, as of 0218 GMT, after earlier
rising to $9,199.50, the strongest since March 3.
The most-traded May copper contract on the Shanghai Futures
Exchange climbed 1.5% to 68,070 yuan ($10,472.79) a
By Reuters Staff
2 Min Read
March 15 (Reuters) - Copper prices rose on Monday to the highest levels in almost two weeks, building on last week’s gains as top metals consumer China released upbeat economic activity data and as concerns over global supply resurfaced.
China’s industrial output grew 35.1% in January-February from a year ago, beating a 30% surge expected in a Reuters poll and faster than the 7.3% gain in December.
Three-month copper on the London Metal Exchange was up 1.1% at $9,185.50 a tonne, as of 0218 GMT, after earlier rising to $9,199.50, the strongest since March 3.
The most-traded May copper contract on the Shanghai Futures Exchange climbed 1.5% to 68,070 yuan ($10,472.79) a tonne, after earlier hitting 68,230 yuan, also the highest since March 3.