HANOI- Copper prices rose on Wednesday, as investors eyed more policy support in the United States amid chances that Democrats could take over control of the crucial Senate chamber.
Democrats and Republicans were neck-and-neck in two critical US Senate races on Tuesday as votes were counted in Georgia contests.
A Democrats-controlled Senate is seen to likely pass larger potential stimulus budgets in the world’s biggest economy. Copper is often used as a gauge of global economic health.
Three-month copper on the London Metal Exchange rose 0.4 percent to $8,037.50 a ton, while the most-traded February copper contract on the Shanghai Futures Exchange SCFcv1 increased 1.5 percent to 58,930 yuan ($9,125.54) a ton.
LME aluminum advanced 0.2 percent to $2,044 a ton while nickel fell 0.4 percent to $17,615 a ton and zinc rose 0.8 percent to $2,834 a ton.