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Copper drifts higher on rally in tech stocks and weaker dollar
LONDON: Copper prices gained for a third straight session on Tuesday, boosted by a rally on stock markets, a weaker dollar, and expectations for firmer demand. Benchmark three-month copper on the London Metal Exchange was up 0.1% at $14,420 a metric ton in official open-outcry trading, having added 1.1% on Monday. “Copper is drawing support from the stronger mood in equity markets, with the rally in tech stocks adding to optimism about future demand from data centres and power infrastructure,” said Ewa Manthey, commodities strategist at ING. European and Asian stocks climbed on Tuesday after a...
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