Copper gained as China announced new measures to support its economy amid a damaging trade war with the United States, potentially improving demand.
China’s central bank over the weekend unveiled a key interest rate reform in a bid to help steer borrowing costs lower for companies.
Copper inventories in LME-registered warehouses have jumped by 22% in three days to 331,975 tonnes, while stocks in warehouses tracked by SHFE rose 4.1%.
Warehouse stock for Copper at LME was at 330125mt that is down by -1850mt.
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