Copper Falls on Soft Chinese Factory Data, Higher Inventories

August 02, 2024, 12.03 AM
Copper Falls on Soft Chinese Factory Data, Higher Inventories

ILUSTRASI. Copper prices retreated on Thursday on worse than expected factory data in top metals consumer China.

Source: ReutersEditor: Wahyu T.Rahmawati

COPPER - LONDON. Copper prices retreated on Thursday on worse than expected factory data in top metals consumer China and rising inventories that highlighted excess supply.

Three-month copper on the London Metal Exchange (LME) was down 1.9% to $9,048 per metric ton at 1630 GMT, after rising 2.8% in the previous session.

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