LONDON, Dec 10 (Reuters): Copper prices in London eased on Tuesday, reversing part of Monday's 1.2% climb, under pressure from a slowdown in China's export growth and a stronger dollar, while the market awaits more clues on China's 2025 key targets.
Three-month copper on the London Metal Exchange (LME) CMCU3 was down 0.6% at $9,180 per metric ton in official open-outcry trading. The contract closed at its highest in nearly one month on Monday after top metals consumer China said it would take more action to boost its economy.
For copper, used in power and construction, this support faded on Tuesday as data showed that China's total exports growth missed expectations, imports unexpectedly shrank in November and concerns about prospects for China's construction sector persist.
Copper prices slip under pressure from China trade data
FE Team | Published: December 10, 2024 23:50:22
Copper prices slip under pressure from China trade data
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