COMMODITY
Copper futures edge marginally higher on better than expected Chinese data
Jan-20-2020

Copper futures edged marginally higher on Monday as investors were cheered after China’s data released on Friday showed China’s industrial production grew 6.9% year-on-year in December, which was the strongest in nine months. Retail sales grew by 8%, which was also stronger than expected, while fixed-asset investment beat forecasts with 5.4% growth.

Copper futures for March delivery gained $0.0060 to $2.8515 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was almost unchanged at $6,275.

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