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Copper: A rebound in prices on Monday

19/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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While fears of a recession in the United States subsided after a series of solid data last week and stocks in China, the main consumer country, fell, fell, copper prices rose on Monday.

After recording its first weekly gain in six last week, three-month copper on the London Metal Exchange gained 0.9 percent to $9,201.50 per metric ton at $9,201.50 per metric ton at 02:02 GMT. The most traded copper contract in September on the Shanghai Futures Exchange rose by 0.5 percent to 73,960 yuan ($10,345.50) per ton. Copper prices were also supported by lower inventories in the main consumer country, China.

LME aluminum gained 0.5% to $2,378 per ton, tin added 0.6% to $32,095, zinc increased 0.8% to $2,785, zinc rose 0.8% to $2,785, lead rose 0.7% to $2,785, lead rose 0.7% to $2,051.50, and nickel rose 0.4% to $16,430. SHFE aluminum increased by 1.3% to 19,545 yuan per ton, zinc increased by 0.7% to 23,400 yuan, lead increased by 0.4% to 17,745 yuan, tin gained 0.5% to 263,850 yuan per ton, and nickel added 0.4% to 129,450 yuan

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