Copper clawed back some of the previous session’s hefty losses on Friday as supply disruptions in Chile and Indonesia lent support, but still posted a second straight weekly drop as concerns over the demand outlook weighed.
The metal used in construction fell 3 percent on Thursday, its biggest one-day drop in 17 months, as traders flagged persistent worries over Chinese consumption.
Some investors also cashed in after copper hit a 21-month high of $6,204 on Feb. 13 on supply outages from major copper mines and hopes a pledge by the administration of US President Donald Trump to lift infrastructure spending would fuel demand.
Source: Arab News
GMT 11:02 2018 Tuesday ,11 December
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U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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