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SINGAPORE- London copper prices rose, helped by hopes of further stimulus programs to sustain a nascent recovery in the global economy ravaged by the COVID-19 pandemic, and as risks of supply disruptions grew in the world’s top producer Chile.
Three-month copper on the London Metal Exchange rose 0.6 percent to $6,052 a ton, while the most-traded August copper contract on the Shanghai Futures Exchange fell 0.4 percent to 48,950 yuan ($6,935.49) a ton.
Asian shares scaled four-month peaks as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery, even as surging coronavirus cases delayed re-openings across the United States. — Reuters
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