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Metals: copper at its highest level in two weeks

13/09/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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After President Xi Jinping pushed the country to reach its annual economic target, copper prices hit their highest level in two weeks on Friday, buoyed by hopes of recovery in China, the largest consumer of metals.

Three-month copper on the London Metal Exchange was up 0.7% to $9,275 per metric ton at 03:13 GMT, while the most traded October copper contract on the Shanghai Futures Exchange rose 1.2% to 74,280 yuan ($10,449.76) per ton.

LME aluminum rose 0.4% to $2,425.50 per ton, zinc rose 0.2% to $2,862, lead rose 0.8% to $2,043, lead rose 0.8% to $2,043, tin rose 1% to $2,043, tin rose 1% to $31,730, while nickel fell 0.2% to $16,100. SHFE aluminum rose 1% to 19,775 yuan per ton, nickel rose 0.3% to 123,820 yuan, zinc jumped 2.6% to 23,800 yuan, lead rose 0.7% to 16,760 yuan, and tin rose 1.8% to 258,570 yuan

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