Copper prices hit their highest level in nearly six weeks on Tuesday.

Le cuivre de référence à la Bourse des métaux de Londres (LME) a progress é by 0.9% à 9 373$ per ton m é Trick in official rings after è reaching $9,418 for its highest level since July 18. A cut in interest rates by the US Federal Reserve would boost growth and demand in the US, but would also put pressure on the national currency, making dollar-denominated metals cheaper for holders

Copper stocks in warehouses monitored by the Shanghai Futures Exchange (ShFE) have fallen by 25% since early June to 251,062 tonnes, their lowest level since March. The price hit a high of $2,940.50, up 15% since August 7, due to concerns over supplies after 14 major smelters agreed to cut production in response to lower processing costs that are undermining