Copper prices slipped on Tuesday after scaling to a 2-1/2-week high in the previous session, as rising COVID-19 cases and lockdowns in top consumer China stoked demand worries, although a pullback in the U.S. dollar limited losses. Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was down 0.9% at $9,466 a tonne, as .
Copper prices rose to a more than two-week high on Monday, helped by a weaker U.S. dollar and as support measures and plans to end COVID-19 lockdowns in top metals consumer China lifted hopes for a recovery in demand. Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was up 0.8% at $9,497.50 a .
Prices of London copper, often used to gauge global economic health, rose to a nearly one-week high on Tuesday as top metals consumer China’s decision to ease some COVID-19 restrictions fuelled expectations of a recovery in demand. Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was up 0.8% at $9,313.50 a tonne by .
Copper and most of the other industrial metals rose on Wednesday, as signs of lower domestic COVID-19 infections in China lifted sentiment, although demand outlook remained weak due to worries over the prospect of global economic slowdown. Continued lockdowns in China, the world’s top metals consumer, and worries over aggressive U.S. policy tightening this year .
Copper prices rose on Tuesday, helped by a slight pullback in the U.S. dollar, although worries over COVID-19 lockdowns in top metals consumer China and weaker global economic growth kept gains in check. Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was up 1.3% at $9,361.50 a tonne as of 0709 GMT, after .