Copper on the London stock exchange has become more than 1 percent more expensive. The weak US dollar is a strong incentive to buy commodities in this currency.
Global copper production, which fell in 2017 for the first time in many years, is likely to be higher in 2018 and 2019, analyst Sanford C. Bernstein Ltd. predicts. in London.
Copper on the LME in three-month supply was valued at $ 7125.0 per tonne after the start of the session, after an increase of 1.2 percent.
New copper projects will be launched in Peru, Chile, Congo, Zambia and Panama in the coming months, analysts say.
Copper production should increase in 2018
There are no comments yet.