LME copper rose 0.34% to $14,461.50 a metric ton
Benchmark three-month copper on the London Metal Exchange rose 0.34% to $14,461.50 a metric ton, according to reports. The most-traded copper contract on the Shanghai Futures Exchange edged up 0.09% to 109,530 yuan ($16,335.08) a ton by 0332 GMT. Conversely, LME copper fell 1.4% on Monday, reaching $14,343. Galaxy Futures analysts stated that downstream copper users in China have largely finished restocking before the holiday period and are now buying only what they require following the recent price drop. Regarding other metals, aluminium increased by 0.43% on the LME. Zinc gained 0.26% on the LME. Meanwhile, nickel and tin both experienced a 0.09% dip on the LME. Aluminium also rose 0.02% on the SHFE.
Oil prices remained steady, with Brent crude hovering above $106 a barrel. Market expectations suggest a greater than 70% probability of another Federal Reserve rate increase occurring in October.
































