Copper futures rose on Tuesday due to speculation that demand will stabilize in China as policy makers try to support growth in the world’s largest consumer of industrial metals. Further, shortfall in immediate supply too supported copper prices uptrend.
Copper futures for September delivery rose 0.38% to settle at $3.062 a pound on the Comex metals division of New York Mercantile Exchange. While copper on the London Metal Exchange advanced 0.21% to $ 6,705 a metric ton.
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