Copper buoyed by Chinese stimulus measures
March 18, 2025 00:00:00
LONDON, March 17 (Reuters): Copper prices rose on Monday, supported by the latest economic stimulus plan from top metals consumer China and a weaker dollar, with traders awaiting more clarity on US tariff risks and their effect on global growth.
Benchmark three-month copper on the London Metals Exchange added 0.4% to $9,821 a metric ton by 1049 GMT, having touched $9,850 on Friday for its highest since October 9.
China released fresh data on Monday after the previous day's announcement of a "special action plan" to boost domestic consumption.
"The latest data showed Chinese consumption, investment and industrial production exceeded estimates for January-February," said ING commodities analyst Ewa Manthey.