Saturday, May 17, 2025

Copper climbs on tightening fears

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HANOI- Copper prices rose on Monday, as traders lapped up the latest US monthly jobs report that signaled signs of recovery and calmed concerns of an early policy tightening.

Three-month copper on the London Metal Exchange was up 0.3 percent at $9,979.50 a ton, edging towards a key psychological $10,000-a-ton level.

The most-traded July copper contract on the Shanghai Futures Exchange advanced 1.1 percent to 71,910 yuan ($11,245.60) a ton.

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The May US payrolls report showed economic recovery was on track, but not so hot that it might bring forward a policy tapering from the Federal Reserve.

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