COMMODITY
Copper futures end higher as US delays some tariffs on China
Aug-14-2019

Copper futures ended higher on Tuesday due to easing concerns over growth and demand in China after the Trump administration stated that its plans to impose 10% tariffs on some Chinese products, including laptops and cell phones, would be delayed. Meanwhile, metals markets are looking ahead to Chinese investment and industrial production data, both highly correlated with demand for base metals, and house price numbers this week.

Copper futures for September delivery rose 1.7 percent to settle at $2.63 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 1.5 percent at $5,828.5 a ton.

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