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Copper rebounds on firmer risk sentiment and tight supply in China

LONDON: Copper prices recouped some of last week’s steep losses on Monday as risk sentiment improved while supply in China remained tight and the dollar slipped. Three-month copper on the London Metal Exchange (LME) rose 0.7% to $13,869 a metric ton by 1030 GMT, having lost 2.7% last week in its steepest weekly decline since March. Global stock markets nudged up from six-month lows on Monday, but the mood was fragile. “Copper is recovering as risk sentiment stabilises and tight physical supply i

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Originally published byBusiness Recorder 30m ago · brecorder.com
Read full report at Business Recorder

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