Copper Price Up on China, US Hopes

  • Monday, September 9, 2013
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  • Keywords:Copper Price The London Metal Exchange
[Fellow]
[Ferro-Alloy.com] The London Metal Exchange copper price moved up in early Asian trading on Monday September 9 on hopes that the US Federal Reserve’s ultra-easing policy will continue and signs of recovery in China’s economy
 
At 03:47 London time, three-month copper stood at $7,219 per tonne, up $30 from its opening. The closely-watched payrolls data from the USA disappointed. Payrolls added 169,000 workers, below market expectations, fuelling hopes that the Fed’s $85-billion-per-month stimulus to the economy will continue. Data from China supported views that the country’s economy was stabilising.
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