London Metal Exchange (LME) three-month copper prices rebounded approximately 3.6% on Tuesday, trading around $13,360 per ton after falling to a three-week low. The market believes that news of China’s plan to increase copper inventories boosted investor confidence, while an overall increase in risk appetite also supported the metal prices’ recovery. (Shanghai Nonferrous Metals Network)
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Copper prices rebound: due to China's plan to increase inventories and risk sentiment improving
London Metal Exchange (LME) three-month copper prices rebounded approximately 3.6% on Tuesday, trading around $13,360 per ton after falling to a three-week low. The market believes that news of China’s plan to increase copper inventories boosted investor confidence, while an overall increase in risk appetite also supported the metal prices’ recovery. (Shanghai Nonferrous Metals Network)