Copper Investing News posted the following news item on the uptick in copper pricing:
“As many investors will know, metals prices have suffered a fair drop in recent weeks, driven by a strong US dollar, and copper has not been immune to those losses. Though copper usually performs in tandem with the global economy, supply worries and apprehension over demand from China have taken a hit at prices in recent weeks.
“The red metal rebounded from a three-month low today after the release of positive manufacturing data from China, but finished flat overall. According to Bloomberg, copper futures for delivery in three months on the London Metal Exchange (LME) lost 0.1 percent and finished at $6,720 per tonne, while futures on the New York COMEX dipped 0.1 percent to finish at $3.035.”