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Copper Bounces From Key Technical Level on China Hopes

October 16, 2024, 05.40 PM | Source: Reuters
Copper Bounces From Key Technical Level on China Hopes

ILUSTRASI. Copper prices rebounded on Wednesday after the market stabilised at a key support level.

COPPER - LONDON. Copper prices rebounded on Wednesday after the market stabilised at a key support level amid hopes that China will reveal more support for its ailing property sector.

Three-month copper on the London Metal Exchange (LME) was up 1% at $9,624 per metric ton by 0945 GMT after touching a three-week low in the previous session.

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