Copper on the LME hit 3-month high

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    China’s rate cut surprise this week and the risk-on action in the markets is boding well for the base metals pack.

    On London Metal Exchange (LME), copper advanced almost 1.5% to $4789/tonne; its highest level since November 2015. Copper advanced more than 2.5% in Shanghai.

    The rise in copper is helping mining stocks gain ground. Shares in Antofagasta, Anglo American are up more than 3% in London.
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