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Find all the economic and financial information on our Orishas Direct application to download on Play StoreBacked by growing expectations of lower interest rates in the United States and improved demand prospects, copper prices rose slightly on Monday.
Three-month copper on the London Metal Exchange rose 0.2% to $9,966.50 per metric ton at 01:16 GMT at 01:16 GMT, after its first weekly rise in seven weeks. The most traded copper contract in August on the Shanghai Futures Exchange rose by 0.5 percent to 80,530 yuan ($11,080.08) per ton. Comex copper futures jumped on Friday as some players bought back bearish or short positions to reduce their exposure due to expected copper shipments that would not arrive in the United States. Comex copper futures moved little on Monday at $4.65 per pound, a one-month high
.As for other precious metals, SHFE aluminum remained unchanged at 20,395 yuan per ton, nickel rose 1.1% to 138,640 yuan, tin rose 2.1% to 138,640 yuan, tin rose 2.1% to 281,920 yuan, zinc stagnated at 24,735 yuan, and lead remained stable at 19,695 yuan. LME aluminum rose 0.1% to $2,537 per ton, nickel rose 0.5% to $17,430, tin rose 1.3% to $34,325, while zinc lost 0.2% to $2,995.50, lead fell 0.2% to $2,995.50, lead fell 0.2% to $2,232.50
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