Copper under pressure from climbing dollar – ET Auto
Baua Electric
JANUARY 3, 2024
Copper inventories in warehouses monitored by the Shanghai Futures Exchange (ShFE) have dropped nearly 90% to 30,905 tons since late February. Copper prices steadied on Tuesday as improving factory activity data from top consumer China and low Shanghai inventories countered selling pressure fuelled by a higher dollar. A stronger U.S.
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