Copper prices rose in London on Thursday as the U.S. currency DXY weakened, supporting demand for the dollar-priced metal from buyers using Chinese yuan and other currencies.
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Copper Prices Gains as Chinese Liquidity Worries Ease
- China has been tightening regulations in its property sector, which consumes a vast amount of metals, to ward off bubbles
Copper prices edged higher on Monday as investors were relieved that China, the world’s biggest metals consumer, might not be tightening credit as much as expected.