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Metals: Copper prices rise slightly

04/10/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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After oscillating during the week in trade reduced by the holidays, copper prices rose on Friday.

Le cuivre à trois mois sur le London Metal Exchange (LME) a augment é by 0.4% à 9,909 dollars per ton m é At à 04:02 GMT, aluminum has increased é by 0.4% to à 2,640 dollars and nickel rose é by 1.8% à 17,900 dollars. According to a metal trader, copper prices could rise further as China tends to stick to its fiscal stimulus promises, and prices will likely peak around $10,500, at which point physical demand may struggle to

keep up.

LME zinc rose 0.7% to $3,145.50, lead increased 0.4% to $2,151.50, and tin rose slightly by 0.1% to $33,750.

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