LME ASIAN WRAP: Copper inches up as China’s manufacturing registers growth

London Metal Exchange copper edged up in early Asian trading on Monday December 31, on positive data from China though US debt worries capped gains.

At 2:04 London time, three-month copper was trading at $7,943.75 per tonne, up $38.75 from its opening. “The US fiscal cliff issue hit market sentiment, yet positive China outlook boosted copper prices,” Li Peng, analyst at Guotai Junan Futures in Shanghai, said. “There hasn’t been any development till this morning on the fiscal cliff. The market consensus is that if...

Published

Linda Lin

December 31, 2012

04:10 GMT

Shanghai

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