Copper prices are rising again on the London Metal Exchange. Metal on the LME in 3-month deliveries will cost US $ 6,833.00 per tonne, after an increase of US $ 5.
In 2017, copper may record the highest growth since 2010. The metal on the LME has already gained more than 20 percent since the beginning of the year.
Copper stocks controlled by the London Stock Exchange fell 2.5 percent to 241,400 tonnes on Monday, according to data released by the LME. In Asia, copper stocks fell by 3.6 percent and in the United States by 4.3 percent.
In the previous session, copper on the LME gained $ 51 and ended at $ 6,828 per tonne. In September, copper prices, one of the indicators of the global economic climate, peaked in three years.
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