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Copper prices rise on Chinese demand and U.S. rate easing
Copper prices jumped noticeably after the Federal Reserve's interest rate hike ended, amid continued optimism about strong demand in the Chinese market, the world's largest consumer. Robust demand in China and its markets ahead of the National Day holiday, along with the Yangshan premium reaching its highest level in nearly four years, contributed to the rise in copper prices. The three-month delivery contract on the London Metal Exchange (LME) traded at $14,637 per ton, an increase of $107 or 0.75%.
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