Copper Prices Rose As Investors Hoped For More Stimulus Measures

Copper trading range for the day is 441.2-458.2.

Copper prices rose as investors hoped for more stimulus measures in top metals consumer China and a key copper conference was set to begin in Chile.

Citing data released on the People’s Bank of China’s website, the central bank raised reserves to 60.62 million ounces in March from 60.26 million a month earlier.

Global copper producers are converging in Chile this week as tightening supply buoys prices, even as the industry grapples with declining ore quality.

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