Copper Falls on Soft Chinese Factory Data, Higher Inventories

August 02, 2024, 12.03 AM
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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