London Copper Rebounds from 6 week low on China Optimism

  • Thursday, October 25, 2012
  • Source:

  • Keywords:London Copper China
[Fellow]
[Ferro-Alloys.com] London copper rebounded from 6 week low on signs of growth recovery in top consumer China, although gains are likely to be capped as investors wait to hear from the US Federal Reserve which ends a policy meeting later in the day.
 
China's economy is slowly picking up from its weakest period of growth in three years, a survey of purchasing managers signalled, with new orders and output at their highest in months.
 
Analysts said that the figures from the world's second largest economy had pushed three month copper on the London Metal Exchange 0.9 percent higher to USD 7,903 per tonne by 0708 GMT.
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