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Copper Hits 2-Week High as Xi Comments Fuel Stimulus Hopes

September 13, 2024, 11.20 AM | Source: Reuters
Copper Hits 2-Week High as Xi Comments Fuel Stimulus Hopes

ILUSTRASI. Copper prices rose to a two-week high on Friday, lifted by hopes of stimulus in top metals consumer China.

COPPER - SINGAPORE. Copper prices rose to a two-week high on Friday, lifted by hopes of stimulus in top metals consumer China after President Xi Jinping pushed for the country to achieve its annual economic target.

Three-month copper on the London Metal Exchange was up 0.7% at $9,275 per metric ton by 0313 GMT, while the most-traded October copper contract on the Shanghai Futures Exchange advanced 1.2% to 74,280 yuan ($10,449.76) a ton.

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